A. A permanent establishment in Oman reported the following taxable income (loss) in each year before...
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A. A permanent establishment in Oman reported the following taxable income (loss) in each year before consideration of losses brought forward. Assume that the company has no tax temporary exemption. Calculate the income taxes due for years 2017, 2018, and 2019 in accordance with the Omani income tax law. (4 Marks) Year 2011 2012 2013 2014 Taxable (18,000) (14,000) 0 (30,000) Income (Loss) OMR 2015 2016 3,000 4,000 2017 2018 2019 11,000 73,000 71,000 A. A permanent establishment in Oman reported the following taxable income (loss) in each year before consideration of losses brought forward. Assume that the company has no tax temporary exemption. Calculate the income taxes due for years 2017, 2018, and 2019 in accordance with the Omani income tax law. (4 Marks) Year 2011 2012 2013 2014 Taxable (18,000) (14,000) 0 (30,000) Income (Loss) OMR 2015 2016 3,000 4,000 2017 2018 2019 11,000 73,000 71,000
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