Question: Below is some information for ABC Company based in Qatar. The company is 45% owned by a foreigner and 55% owned by a Qatari National

Below is some information for ABC Company based in Qatar. The company is 45% owned by a foreigner and 55% owned by a Qatari National who is resident in the State. During the year the company bought a helicopter for 250,000 QR. The company's share of head office expenses is 15% of 5,000,000 QR. Tax Year 2020 Gross Income 16,400,000 Activity Costs Administrative Costs Provisions Share of Head Office Expenses 9,000,000 5,250,000 1,100,000 What is the Net Profit (Loss) for the year? 1,050,000 O 300,000 O250,000 O 1,000,000
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