Skip to main content
NCDOR logo NCDOR

Topical Navigation

  • Home
  • File & Pay
  • Taxes & Forms
    Taxes & Forms
    • Individual Income Tax
    • Sales and Use Tax
    • Withholding Tax
    • Corporate Income & Franchise Tax
    • Motor Carrier Tax (IFTA/IN)
    • Privilege License Tax
    • Motor Fuels Tax
    • Alcoholic Beverages Tax
    • Tobacco Products Tax
    • Partnership Tax
    • Property Tax
    • Collections – Past Due Taxes
    • Business Registration
    • Information for Tax Professionals
    • Policies
    • Order Tax Forms and Instructions
    • Other Taxes And Fees
    • Frequently Asked Questions About Traditional and Web Fill-In Forms
    • IFTA Annual Interest Rates
    • Motor Carrier Seminars
    • Business & Income Tax Seminars
    • Power of Attorney
  • Received a Notice
  • News
    News
    • Notices and Updates
    • Press Releases
    • Reports and Statistics
  • About Us
    About Us
    • Administration and Leadership
    • Careers
    • History of Department
    • DORSAT
    • IT Information for Bidders
    • Climate Change & Clean Energy: Plans & Progress
    • Mission and Vision
  • Contact Us
    Contact Us
    • E-Alerts
    • Customer Service Numbers
    • Mailing Addresses
    • Media Requests
    • Office Locations
    • Office of the Taxpayer Advocate
    • Records Requests
    • Report Tax Fraud
    • Request a Speaker for Your Group
    • Request a Service Center Appointment
    • Report Identity Theft
    • Customer Education
  • NC.GOV
  • AGENCIES
  • JOBS
  • SERVICES
Business Recovery Grant Program Phase 2 of the Business Recovery Grant program is now open! Many businesses that did not qualify in Phase 1 are now eligible to apply in Phase 2. Apply now through June 1, 2022
GET THE LATEST INFORMATION Most Service Centers are now open to the public for walk-in traffic on a limited schedule. Appointments are recommended and walk-ins are first come, first serve. Walk-ins and appointment information
NCDOR »   Taxes & Forms »   Corporate Income & Franchise Tax »   Tax Rate and Basis for the Tax

Tax Rate and Basis for the Tax

An income tax is levied on the net taxable income of all corporations chartered in North Carolina or doing business in North Carolina, unless they are specifically exempt from tax under G.S. 105-130.11. Net taxable income shall be the same as taxable income as defined in the Internal Revenue Code in effect for the income year for which the returns are to be filed, subject to the adjustments provided in G.S. 105-130.5.

The corporate income tax rates are as follows:

2.50% effective for taxable years beginning on or after 1-1-2019.

3.00% effective for taxable years beginning on or after 1-1-2017.

4.00% effective for taxable years beginning on or after 1-1-2016.

5.00% effective for taxable years beginning on or after 1-1-2015.

6.00% effective for taxable years beginning on or after 1-1-2014.

6.90% effective for taxable years beginning on or after 1-1-2000.

7.00% effective for taxable years beginning on or after 1-1-1999.

7.25% effective for taxable years beginning on or after 1-1-1998.

7.50% effective for taxable years beginning on or after 1-1-1997.

 

In the case of a corporation which has business operations both within and without North Carolina, its net taxable income shall be allocated and apportioned to this State in accordance with G.S. 105-130.4.

Corporate Income & Franchise Tax

  • Amended Returns
  • Apportionment
  • Corporate Tax Law
  • Corporate Income, Franchise, and Insurance Tax Bulletins
  • Domestic and Foreign Corporations Required to File
  • Estimated Income Tax
  • Extensions
  • Federal Revenue Agent's Report
  • Guidelines for Article 3A Tax Credits Tax Year 2002
  • Guidelines for Article 3A Tax CreditsTax Year 2001
  • Guidelines for Article 3A Tax CreditsTax Year 2003
  • Important Notice: Piped Natural Gas Excise Tax Phase-Out for Manufacturers and Farmers
  • Letter Of Good Standing
  • Payroll Factor
  • Property Factor
  • Sales Factor
  • Tax Rate and Basis for the Tax
  • When to File
  • Corporate Income and Franchise Tax Payment or Extension Vouchers
  • Frequently Asked Questions and Important Notices
  • Determinations
  • Directives and Technical Advice Memoranda
  • Important Information Concerning the Filing of North Carolina Corporate Tax Forms
  • North Carolina Administrative Code

Share this page:

  • Facebook
  • Twitter
  • Email

How can we make this page better for you?

Back to top

Contact Information

North Carolina Department of Revenue

PO Box 25000
Raleigh, NC 27640-0640
General information: 1-877-252-3052
Individual income tax refund inquiries:
1-877-252-4052

Activity Feed

Tweets by NCDOR

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • EMPLOYEE DIRECTORY
  • Translation Disclaimer
  • Accessibility
  • Terms of Use
  • Privacy Policy
  • Open Budget
NCDOR
https://www.ncdor.gov/taxes-forms/corporate-income-franchise-tax/tax-rate-and-basis-tax