Page 54 - F6 Slides (CGT,TT,ET AND PT)
P. 54
Where are we in the companies' tax
framework?
Gross Income XXXX
•General Definition
•Specific Inclusions
Less : Exempt Income (XX)
Income XXXX
Less : Allowable Deductions
•General Deduction Formula; specific deductions; capital
allowances
Taxable Income from Business Activities XXXX
Plus : Taxable Capital Gain XXX
Total Taxable Income for the year of assessment XXXX
Tax payable @ 28% XXX
Less: Provisional tax (XX)
Tax payable/refundable for the year of assessment XXXX
