Taxation of the income of the partners in a civil partnership

A civil partnership is established by a contract for a partnership, as two or more persons agree to combine their activities to achieve a common business goal.

Most often, a civil partnership is terminated by achieving the objective of the company or with the expiration of the time for which the company has been formed. In these cases, if the company is at a profit, owes payment of a corporate tax, and the balance sheet profit is distributed among the partners.

This raises the question of accurately determining the source of income of the partners and whether it should be completed in an annual tax return.

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Are associations and foundations required to submit an annual corporate tax declaration?

Associations and foundations as non-profit legal entities freely determine the means to achieve their goals. These legal entities are established to carry out non-profit activities, but they may carry out additional economic activity related to the subject of their main activity, using the income to achieve the goals specified in their statute or constitutive act.

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