Taxes on Business Income in Nevada

April 13, 2006

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As in every other state, the state of Nevada has various types of taxes. All of these tax types are full of exceptions and extremely specific requirements. Below we have gone through the major tax types that 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 Nevada.
Income tax on business income is not imposed in Nevada. However, Nevada does have several other types of taxes that may affect your business.
Personal income tax, based on individual income, is not imposed in Nevada.