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Below is some information for ADBC Company based in Qatar. The company is 35% owned by a foreigner and 65% owned by a Qatari National

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Below is some information for ADBC Company based in Qatar. The company is 35% owned by a foreigner and 65% owned by a Qatari National who is resident in the State. During the year the company bought a car for 350,000 QR. The company has an NOL of $2,400,049 from the previous year. Tax Year 2020 Gross Income 11,500,000 Activity Costs Administrative Costs Provisions Share of Head Office Expenses 4,256,800 255,000 1,000,000 556,800 What is the Taxable Net Profit? 2,961,351 3,031,351 5,431,400 5,361,400

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