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TAXES

California

Entity TypeTax Rate
Corporations other than bank and financials8.84%
Banks and financials 10.84%
Alternative Minimum Tax rate 6.65%
S corporation rate 1.5%
S corporation bank and financial rate 3.5%

Sales & Use Tax
Rate: 7.25%

Franchise Tax
Rate: See Corporate Tax Rate3

Inventory Tax

Property Tax2

 


SAN DIEGO


Corporate Income Tax*

Entity TypeTax Rate
Corporations other than bank and financials 8.84%
Banks and financials 10.84%
Alternative Minimum Tax rate 6.65%
S corporation rate 1.5%
S corporation bank and financial rate 3.5%

Sales & Use Tax
Rate: 7.75%

Franchise Tax
Rate: N/A1

Inventory Tax
Rate: See Sales & Use Tax Rate5

Property Tax2,4

Tax Rate AreaTax Rate
City of Carlsbad 1.07479
City of Chula Vista 1.12851
City of Coronado 1.05000
City of Del Mar 1.00970
City of El Cajon 1.17662
City of Encinitas 1.03859
City of Escondido 1.14016
City of Imperial Beach 1.14272
City of La Mesa 1.16434
City of Lemon Grove 1.17468
City of National City 1.11127
City of Oceanside 1.06205
City of Poway 1.09604.
City of San Diego 1.11280
City of San Marcos 1.07590
City of Santee 1.14886
City of Solana Beach 1.00370
City of Vista 1.08613

NOTES:
* The rate of inflation in California, for the period from July 1, 2011, through June 30, 2012, was 1.9%. The 2012 personal income tax brackets are indexed by this amount.
¹ - Tax not localized
² - Tax based on location in the State
³ - California franchise tax rate is the same as California corporate tax rate.

SOURCES: California State Board of Equalization: California City and County Sales and Use Tax Rates; State of California Franchise Tax Board: 2012 California Tax Rates and Exemptions; State of California Franchise Tax Board


Calfornia's Corporation Taxes - FAQs

California Property Tax: An Overview


 


IMPERIAL VALLEY

Corporate Income Tax*

 Entity TypeTax Rate
Corporations other than bank and financials8.84%
Banks and financials 10.84%
Alternative Minimum Tax rate 6.65%
S corporation rate 1.5%
S corporation bank and financial rate 3.5%

Sales & Use Tax
Rate: 7.75%

Franchise Tax
Rate: N/A¹


Inventory Tax

Property Tax²
Rate: 1%4

NOTE: ¹ - Tax not localized ² - Tax based on location in the State 4 - The applicable tax rate varies by the location of the property, primarily what the school district the property is in. In addition to the basic rate, any voter approved debt is included in the rate (school and/or municipal bonds), fees, and/or charges.
SOURCES: California State Board of Equalization: California City and County Sales and Use Tax Rates; County of Imperial- Auditor-Controller’s Office: Property Tax Information; State of California Franchise Tax Board
 


Comparative Summary Table

Tax
State of
California
San Diego
County
Imperial
County
Corporate Income Tax      
Corporations other than banks and financials
8.84%
8.84%
8.84%
Banks and financials
10.84%
10.84%
10.84%
Alternative Minimum Tax rate
6.65%
6.65%
6.65%
S corporation rate
1.50%
1.50%
1.50%
S corporation bank and financial rate
3.50%
3.50%
3.50%
       
Sales & Use Tax
7.25%
7.75%
7.75%
Franchise Tax
1
2
2
Inventory Tax
7.25%
7.75%
7.75%
Property tax
3
1%
1%
 

Mexico



• FEDERAL Income, Value Added and Asset Tax

• Corporations are subject to a Federal Income Tax at a flat rate of 30% (2012), 29% (2013), and 28% for 2014; applied on the amount of taxable income (Deloitte)

• Baja California has a payroll tax of 2% on payrolls

• Neither the State of Baja California nor the city of Tijuana has income tax

Baja Secretary of Economic Development (SEDECO)

 
 
Document downloads
 https://www.ftb.ca.gov/forms/misc/1083.pdf California Corporate Tax Guide

 
 
 

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