The minimum franchise tax due is $25.00.īack to Top I am not a franchise. Franchise tax is due annually as long as the corporation remains incorporated, domesticated, or continues to do business in Mississippi.īack to Top What is the minimum franchise tax due? Every corporation, domesticated or qualified to do business in Mississippi must file a return even if the corporation is inactive or not engaged in business. Ī franchise tax is imposed on corporations for the privilege of doing business in the State of Mississippi. Who is required to file a corporate tax return?Īll corporations, associations, or entities doing business, earning income, or existing in Mississippi are required to file a corporate income and franchise tax return.
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