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Tax & Legal Services Newsletter Vol. March 2016Permanent Reduction in Corporate Income Tax Rate The Act Amending the Revenue Code (No. 42) has been issued to permanently reduce the corporate income

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What is permanent reduction in corporate?

Permanent reduction in corporate is the process of diminishing the capital of a company by reducing the number of outstanding shares or decreasing the par value of the shares.

Who is required to file permanent reduction in corporate?

The company's management or board of directors is required to file for permanent reduction in corporate.

How to fill out permanent reduction in corporate?

Permanent reduction in corporate can be filled out by submitting the necessary forms to the relevant regulatory authority, along with any supporting documents.

What is the purpose of permanent reduction in corporate?

The purpose of permanent reduction in corporate is to adjust the company's capital structure in line with its current financial requirements.

What information must be reported on permanent reduction in corporate?

Information such as the reason for the reduction, the number of shares to be reduced, and any relevant financial impact must be reported on permanent reduction in corporate.

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