Florida DOR Announces Corporate Income Tax Rate for Taxable Year Beginning on, After Jan. 1, 2022

The Florida Department of Revenue Jan. 1 announced that the corporate income or franchise tax rate for the taxable year beginning on or after Jan. 1, 2022, is increased to 5.5 percent from 3.535 percent. Taxpayers that have a 52 - 53 week taxable year that begins on or about Jan. 1 and ends on or about Dec. 31, have the same tax rates as a calendar year-end taxpayers. [Fla. Dep’t of Revenue, Florida Tax & Interest Rates - Corporate Income Tax Rate, 01/01/23]

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