Is profit distribution really exempt from income tax?

Not always. Until 2025, profits distributed to partners were, as a rule, exempt from income tax. Starting in 2026, a new law began taxing part of these larger distributions. The exemption still depends on up-to-date bookkeeping and the amount withdrawn. Since the rules have changed, confirm what applies to your case with the accountant at TF Assessor before making any withdrawal.

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