⏰ This entry is due for review. Information may not reflect the latest regulations.
Taxes
SC
SC Corporate Income Tax
South Carolina imposes a flat 5% corporate income tax on net income attributable to South Carolina, reduced from 5% under recent legislation with further reductions planned. C corporations file Form SC-1120 with the Department of Revenue. South Carolina uses a single sales factor for apportionment.
Official Source:
SC Department of Revenue
Always verify current information directly with this agency.