Do non-profit organizations have to pay taxes?

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1128585

2026-05-11 03:45

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About non-profit corporations there are two basic types of tax status, 1- Taxable or default status which is 15% tax rate on income, 2- Tax exempt, which it means no income tax and for being eligible for tax exempt you must have these criteria: 1- be charitable(religious, scientific, educational) 2- being for public benefit.

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