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Below is some information for ABC Company based in Qatar. The company is 45% owned by a foreigner and 55% owned by a Qatari National
Below is some information for ABC Company based in Qatar. The company is 45% owned by a foreigner and 55% owned by a Qatari National who is resident in the State. During the year the company bought a car for 250,000 QR and a building for 16,250,000 QR. Tax Year 2014 Gross Income 16,400,000 Activity Costs Administrative Costs Provisions Share of Head Office Expenses 9,000,000 5,250,000 1,100,000 3,500,000 Calculate the taxable net profit. Enter negative numbers with a minus sign. Your Answer: Answer o Question 18 (1 point) Calculate the tax owed by the foreign owner. Your Answer: Answer Question 19 (1 point) Calculate the tax owed by the Qatari national owner. Your
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