Accountant : Hello, may I help you?
Manit : Well, I would like to know if my business has to pay any tax.
Accountant : Ok, what kind of business formation do you have? And what type is its
legal structure?
Manit : I have a drug store which is registered under the limited company
formation. I just started this business last month (July).
Accountant : You have to pay corporate income tax every year. You only have to pay
this kind of tax when your company makes a profit. In other words, you pay this tax when your revenue is more than expenses.