BesualemPleis an importer of reinforcement bars from Belgium. The company has been engaged in buying and selling activities. At the end of November 2014, the company paid net amount of 3,000.00 ETB to ERCA for VAT. During the month of November it earns birr 1,541,000 VAT inclusive sales of reinforcement bars. In addition Besualem Ple paid an employment income tax of 6,000 ETB per month collected from employees and also paid administrative and general expenses of 15,000.00 ETB during the month. 

Determine amount of Direct tax liability of the company for month of October 2014. 

Determine the amount of input and output VAT for the month of October 2014.

Answer rating: 100% (QA)

To determine the amount of direct tax liability for the month of October 2014 we need to calculate t... View the full answer