Do companies limited by guarantee need to pay taxes?

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It doesn’t make a lot of sense to me that a non-profit should be paying taxes. Can you please enlighten me as to whether a limited by guarantee company is subject to any taxes? Or, are they exempt from some or all company taxes?

Answers

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Yes, all companies need to pay business taxes on their taxable income, regardless of whether they are run for commercial purposes or as non-profit ventures. The taxes your company is most likely to be liable for include:

Some companies are also required to pay Stamp Duty Tax and Annual Tax on Enveloped Dwellings.

a year ago
 

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