What is the capital gains tax rate for corporations?

The capital gains tax rate for corporations depends on various factors, such as the country where the corporation is located, the type of asset that has been sold, and the length of time that the asset has been held.

More information depending on PwC, in Colombia location, If the assets were held for two or more years, the gain will be taxed as a capital gain at a 15% flat rate (recapture rules are applicable). If the assets were held for less than two years, the gain will be taxed as ordinary capital income (35% for FY 2022). In the United States, for example, the corporate capital gains tax rate in the United States is 21%, while short-term capital gains are taxed at the ordinary corporate income tax rate, which can range from 15% to 35% depending on the amount of taxable income.

Tax laws, however, can change over time and vary by nation, state, or area. For up-to-date and local information on capital gains tax rates for corporations in the local region, it’s always a good idea to get in touch with a tax professional or accountant.