Filing Frequency: Annual
State Fees & Due Dates:
C-Corporations are subject to a corporate tax rate of 5% of total South Carolina taxable income.
Both S and C corporations are also subject to a business license fee, which is submitted with their returns.
To calculate your license fee, you must multiply your total capital and paid in surplus by 0.1%, then add $15.
C-Corporations (Foreign and Domestic) - Minimum $25 - 15th day of the 4th month following the end of your fiscal year.
S-Corporations (Foreign and Domestic) - Minimum $25 - 15th day of the 3rd month following the end of your fiscal year.
Late Fees: No late fees.