Introduction to Companies – Company Tax Fundamentals 2025

Part 1 of this program introduces the legal and tax natures of companies, including key considerations and basic tax treatment.

In this unit, we cover:

• Introduction to the case study

• Legal nature of companies

  • Basic legal overview

  • The corporate veil

  • Process for setting up a company

  • Company constitutions & other documents

  • Key parties and roles in a company

    • Shareholders & shares

    • Directors, duties, DIN, DPN

    • Secretary

    • Public officer

  • Public vs Private companies

• Why choose to use a company (or not)?

  • Non-tax considerations

  • Tax considerations

• Tax nature of companies

  • How are companies taxed?

  • Tax residency of companies

  • Small business entity (SBE)

  • Base rate entity (BRE)

  • Corporate tax rate vs Corporate tax rate for imputation

Date recorded: 3 April 2025