Katalin 
The Accumulated Earnings Tax is a tax on the earnings of a corporation that have not been paid out as dividends. The tax is imposed at a rate of 20 percent on the accumulated earnings that exceed the corporation’s “reasonable needs.” The purpose of the tax is to discourage corporations from accumulating earnings and to … Read more
The commercial code is the legal regulation followed by companies that serves to regulate their activities in monitoring their operations and commercial relations. Therefore, the concept of commercial code is defined as the legal legislation that regulates the activity of any company. Of course, the characteristics of the commercial code vary according to which country. … Read more
