Taxation in Nevada
Updated on Friday 27th January 2023
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Incorporating a company in Nevada can be appealing to many foreign investors because there is no corporate income tax at the state level. However, the federal income tax should be in the attention of business persons looking to start a business in USA, particularly in Nevada. In order to understand better the requirements for opening a company in Nevada, it is recommended to talk to one of our company formation representatives in USA.
What companies need to pay the corporate income tax in Nevada?
Most of the businesses in Nevada are levied with the federal income tax based on a bracket system as follows in the table below:
|Between $0 and $50,000||15%|
|Between $50,000 and $75,000||$7,500 + 25% Of the amount over 50,000|
|Between $75,000 and $100,000||$13,750 + 34% Of the amount over 75,000|
|Between $100,000 and $335,000||$22,250 + 39% Of the amount over 100,000|
|Between $335,000 and $10,000,000||$113,900 + 34% Of the amount over 335,000|
|Between $10,000,000 and $15,000,000||$3,400,000 + 35% Of the amount over 10,000,000|
|Between $15,000,000 and $18,333,333||$5,150,000 + 38% Of the amount over $15,000,000|
|More than $18,333,333||$6,416,667 + 35% of the amount over $18,333,333|
What is MBT in Nevada?
The Modified Business Tax (MBT) is applicable to companies that hire staff for which the gross salary is reported to Nevada Employment Security Division or ESD as it is known. The MBT rate is set at 1.475% and calculated for a given calendar quarter if the taxable wages registered in this period are above $50,000. Foreigners looking to set up a limited liability company in USA, including Nevada, can talk to our team of specialists.
Would you like to set up a branch in USA? You have our company formation agents in USA at your service. All the paperwork and implicated formalities enter the attention of our specialists in the field. We will explain the requirements and we will also collaborate with the relevant authorities in this endeavor. Therefore, feel free to discuss with one of our specialists and discover the services we can offer, at affordable prices.
The commerce tax in Nevada
The commerce tax is applicable to companies that register annual gross revenues of more than $4 million, and the rate varies between 0.051% to 0.331%. For additional information about the taxes you need to pay in Nevada if you have a business, please feel to get in touch with our company incorporation representatives in USA. Also, you can read the general guide to company formation in Nevada and find out details about the ways in which you can register a business in this state.
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