RCIT

(redirected from Regular Corporate Income Tax)
AcronymDefinition
RCITRoyal Canadian Institute of Technology (Vancouver, British Columbia, Canada)
RCITRite of Christian Initiation for Teens (various churches)
RCITRegional Commissioner of Income Tax
RCITRegular Corporate Income Tax
RCITRed Cell Iron Turnover (hematology)
RCITRadioactive Commodity Identification and Transportation
References in periodicals archive ?
A PHC is subject to the regular corporate income tax plus an additional tax of 28% of the undistributed personal holding company income.
Instead of paying the 5-percent franchise tax on gross gaming revenues, they will be subjected to the 30-percent regular corporate income tax.
Schedule M-3 is a separate form to be attached to the regular corporate income tax return.
Every corporation subject to regular corporate income tax must make estimated tax payments during its tax year unless its actual tax for the year is less than $500; failure to do so results in an additional to the tax in the form of an underpayment penalty.
Instead of paying the 5 percent franchise tax on gross gaming revenues, they will be be subjected to the 30-percent regular corporate income tax.
FSC dividends attributable to foreign trade income (both the 15/23 portion on which the FSC is exempt from tax and the nonexempt portion) have no regular corporate income tax effect.