17 N.C. Admin. Code 5C.0101

Current through Register Vol. 39, No. 5, September 3, 2024

Section 05C .0101 - DOMESTIC AND FOREIGN CORPORATIONS REQUIRED TO FILE

(a) A foreign corporation operating in North Carolina may be liable for income tax even if it is not required to obtain a certificate of authority to do business in North Carolina.

(b) Even for a year in which a domestic corporation or a foreign corporation with a certificate of authority to do business in North Carolina conducted no business activity or did not earn any net income in the State, it must file an income tax return. Entities treated as corporations for federal income tax purposes are also subject to this requirement.

17 N.C. Admin. Code 05C .0101

Authority G.S. 105-130.3; 105-130.4; 105-130.16; 105-262;
Eff. February 1, 1976;
Amended Eff. January 1, 1994;
Readopted Eff. May 1, 2018.

Authority G.S. 105-130.3; 105-130.4; 105-130.16; 105-262;
Eff. February 1, 1976;
Amended Eff. January 1, 1994.

Readopted by North Carolina Register Volume 32, Issue 23, June 1, 2018 effective 5/1/2018.