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Calculate the normal tax liability of SA Metals (Pty) Ltd for the year of assessment ending 31 March 2023. Start your answer with the taxable
Calculate the normal tax liability of SA Metals (Pty) Ltd for the year of assessment ending 31 March 2023. Start your answer with the taxable income of R12 653 000 and provide brief reasons where amounts are not taxable or not deductible. SA Metals has elected the section 11(o) scrapping allowance, where applicable. Ignore all capital gains tax consequences.
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