It appeared in its statements that the adjusted net profit of the Corporation is 631,250 riyals. The Foundation paid an amount of 5,000 riyals as consulting services to a non-permanent foreign company not residing in the Kingdom. Note that the corporation paid the tax two months after it was due 

Required : 

1- What is the amount of tax payable by the company? 

2- Determining the fines it relates to middle east income tax provision

Answer rating: 100% (QA)

1 Corporate tax rate 20 standard rate total revenue are ... View the full answer