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Chapter 1
8.3 Proforma
$
Salary X
Plus: bonuses X
Plus: benefits X
Less: subscriptions for trade purpose (X)
Less: occupational pension amounts (X)
Less: allowable expenses for business
purposes
––
X
Less: personal allowances (X)
––
Taxable income X
––
The taxable income will then be charged at the appropriate tax rate for that
accounting period.
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