Fuquay-Varina Economic Development Commision, Inc.

Phone: (919) 753-1031 | Search

Creating Economic Prosperity in Southern Wake County

Corporate Taxes

Corporate Income Tax

The North Carolina income tax rate is 6.9%.  There is no local income tax.

Franchise Tax

Levied on NC Corporations annually at a rate of $1.50 per $1,000 of the largest of the following:

- Capital stock, surplus and undivided profits apportionable to the State

- 55% of appraised value of property subject to taxation

- Book value of real property in NC less debt to acquire

Incorporation Fee

A fee of $125 is levied upon filing articles of incorporation. A fee of $250 is levied for the application of certificate of authority. Various other fees are assessed for documents filed with the Secretary of State.