Question: Part A: Below is some information for ABC Company based in Qatar. The company is 30% owned by a foreigner and 70% owned by a

Part A: Below is some information for ABC Company based in Qatar. The company is 30% owned by a foreigner and 70% owned by a Qatari National that is resident in the State. During the year the company bought a car for 120,000QR and a building for 4,000,000 QR. Required: A. Calculate the Net Profit (Loss) B. Calculate the Taxable Net Profit C. Calculate the tax owed by the Foreign Owner D. Calculate the tax owed by resident Qatari National

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