Examples of Applicable Income Tax Rate in a sentence
Reconciliation of Applicable Income Tax Rate 20182019In the fiscal years ended March 31, 2019 and March 31, 2018, the Company was mainly subject to corporation income tax, inhabitant tax and enterprise tax, and the effective statutory tax rates calculated on those taxes were 30.5% for the fiscal year ended March 31, 2019 and 30.8% for the fiscal year ended March 31, 2018, respectively.
Reconciliation of Applicable Income Tax Rate 20172018The Company is subject mainly to corporate tax, inhabitant tax and enterprise tax, and the effective statutory tax rate calculated on those taxes was 30.8% for the fiscal years ended March 31, 2018 and 2017 respectively.
For each phase, state/ local guidelines take precedence if they are more restrictive than this phased approach.