Taxes on Business Income in Arkansas

April 13, 2006

	Visited: 150
	Not rated
	Rate:

The following are the major types of income taxes that will affect small businesses. Our intent is to give you a general understanding of when the various taxes will apply to you and what they will mean to your business.

Franchise tax is required from most corporations doing business in Arkansas.
Income tax on business income is computed at rates of 1 percent to 6.5 percent of corporate taxable net income in Arkansas.
Personal income tax is computed at rates of 1 percent to 7 percent of taxable individual income in Arkansas.