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(D) Fahd Corporation for Services and Income Tax It appeared in its statements that the adjusted net profit of the Corporation is 631,250 riyals. The
(D) Fahd Corporation for Services and Income Tax It appeared in its statements that the adjusted net profit of the Corporation is 631,250 riyals. The Foundation paid an amount of 5,000 riyals as consulting services to a non-permanent foreign company not residing in the Kingdom. Note that the corporation paid the tax two months after it was due Required : 1- What is the amount of tax payable by the company? 2- Determining the fines
it relates to middle east income tax provision
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