Halwings Group Ltd, a company operating in Kenya has the following information as at 1^st December 2020;

1. The company made a profit before tax of Ksh. 14,000,080 in the past 12 months of accounting
2. The company made a net book loss of Ksh.1,100,050 in the year 2019
3. The company engaged in consultancy services in the year 2020 where they were paid Ksh. 5,000,000
4. The company supplied vaatable goods worth Ksh. 3,500,000 and Ksh. 9,000,000 in the years 2019 and 2020 respectively
5. The company is seeking to invest Ksh. 7,000,000 in the coming year in a foreign country and in a different line from what they are dealing with in Kenya

Required:

1. Calculate the different taxes due from the company as at the close of the year 2020

(6 mks)

2. Advise the company concerning their planned investment in terms of the taxation concept of investment (3 mks)

Halwings Group Ltd, a company operating in Kenya has the following information as at 1^st December 2020;

1. The company made a profit before tax of Ksh. 14,000,080 in the past 12 months of accounting
2. The company made a net book loss of Ksh.1,100,050 in the year 2019
3. The company engaged in consultancy services in the year 2020 where they were paid Ksh. 5,000,000
4. The company supplied vaatable goods worth Ksh. 3,500,000 and Ksh. 9,000,000 in the years 2019 and 2020 respectively
5. The company is seeking to invest Ksh. 7,000,000 in the coming year in a foreign country and in a different line from what they are dealing with in Kenya

Required:

1. Calculate the different taxes due from the company as at the close of the year 2020

(6 mks)

2. Advise the company concerning their planned investment in terms of the taxation concept of investment (3 mks)