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Determine the tax liability of income of Australian based company Aussie Ltd., in Fiji on entering following transactions during the financial year 2020 a) Received

Determine the tax liability of income of Australian based company Aussie Ltd., in Fiji on entering following transactions during the financial year 2020

a) Received FJ$4000 from a Fijian domestic company for providing technical know- how in Fiji.

b) Received FJ$6000 from a Fijian Company for conducting the feasibility study for the new project in England

c) Received FJ$3000 from a non-resident for use of patent for a business in Fiji.

d) Received $2000 from a non-resident Fijian for use of know-how for a business in China

e) Received $FJ12000 for supply of manuals and designs for the business to be established in Samoa. Assume there is no Double Avoidance Tax Agreement and all foreign Income is taxable in Fiji only.

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