(b) Company C has a year-end of 31 Dec. For the year ended 31 Dec 2020,...
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(b) Company C has a year-end of 31 Dec. For the year ended 31 Dec 2020, it had a net profit of USD 15,000,000. While the chargeable income for USD 8,000.000.00 During the year 2021, the company file the following APS Details 1st quarter 2nd quarter 3rd quarter Amount (USD) 150,000.00 250,000.00 275,000.00 675,000.00 The net profit for the year 31 Dec 2021 is USD 20,000,000.00 and the chargeable income is USD 10,000,000.00 You are required to calculate the total amount payable under the corporate tax for the year ended 31 Dec 2021. (11 Marks) (b) Company C has a year-end of 31 Dec. For the year ended 31 Dec 2020, it had a net profit of USD 15,000,000. While the chargeable income for USD 8,000.000.00 During the year 2021, the company file the following APS Details 1st quarter 2nd quarter 3rd quarter Amount (USD) 150,000.00 250,000.00 275,000.00 675,000.00 The net profit for the year 31 Dec 2021 is USD 20,000,000.00 and the chargeable income is USD 10,000,000.00 You are required to calculate the total amount payable under the corporate tax for the year ended 31 Dec 2021. (11 Marks)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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