Question: Prepare a concise statement for the current tax and deferred tax based on the following facts. Tax rate 15% Profit (accounting) for 2019 = BD6

Prepare a concise statement for the current tax and deferred tax based on the following facts.

Tax rate 15%

Profit (accounting) for 2019 = BD600,000

BD150,000 dividend income is tax exempt

Current Year closing taxable temporary differences are BD 136,000

Prior Year taxable temporary differences were BD116,000

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