Tbilisi LLC sells car spare parts and also renders the car repair service. The company did not have business transactions before 2015 year. In 2015 he made the following transactions:

1 Delivered goods for 90,000 GEL (cost is 40,000 GEL)

2 Delivered service free of charge – market price is 1900 GEL

3 Rendered service to interrelated party for 1,100 GEL, market price – 2,500 GEL.

4 Paid food and hotel costs for guests – 1,700 GEL

5 Dividend income received from Subsidiary – 17,600 GEL

6 Gross salary cost accrued to the employees – 19,100 GEL, only 9100 is paid

7 Rendered car repair service to his employees free of charge – market price is 7,100 GEL

8 Purchased a land plot for 4,600 GEL

9 Sold the land plot for 8,400 GEL

A. Calculate Corporate Income Tax (CIT) of Tbilisi LLC for 2015.

B. Indicate the dates for filing CIT return for 2015 and payment deadlines for 2015 CIT liability.

Answer rating: 100% (QA)

Corporate Income Tax CIT of Tbilisi LLC for 2015 Particulars Amount GEL Delivered g... View the full answer