Question 17 (1 point)

The following information for Baba Company based in Qatar. The company 32% owned by a foreigner and 68% owned by Qatari National that is resident in the State. During the year the company purchased a delivery truck for 550,000 QR and plant equipment for 500,000 QR. The shared head office expenses are 50,000,000 QR and approximately 10% will be allocated to Baba Company.

Tax Year 2017
Gross Income	15,750,000
Activity Costs	8,000,000
Administrative Costs	3,500,000
Provisions	600,000
Share of Head Office Expenses	?

Calculate the Taxable Net Profit. Enter negative numbers with a minus sign.

Your Answer:

Question 17 options:

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Question 18 (1 point)

Calculate the tax owed by the foreign owner.

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Question 18 options:

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Question 19 (1 point)

Calculate the tax owed by the Qatar national owner.

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Question 20 (1 point)

In 2018, Baba Company purchased a car for 150,000 QR. The following information for the tax year 2018 is as follows:

Tax Year 2018
Gross Income	18,000,000
Activity Costs	8,000,000
Administrative Costs	3,000,000
Provisions	700,000
Share of Head Office Expenses	3,000,000

Calculate the taxable net profit. Enter negative numbers with a minus sign.

Your Answer:

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Question 21 (1 point)

Calculate the tax owed by the foreign owner.

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Question 21 options:

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Question 22 (1 point)

Calculate the tax owed by the Qatari national owner.

Your Answer:

Question 22 options:

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Question 23 (1 point)

In 2019, Baba Company sold the delivery truck for 375,000 QR and purchased a car for 210,000 QR. The following information for the tax year 2019 is as follows:

Tax Year 2019
Gross Income	21,500,000
Activity Costs	11,500,000
Administrative Costs	950,000
Provisions	450,000
Share of Head Office Expenses	3,000,000

Calculate the taxable net profit. Enter negative numbers with a minus sign.

Your Answer:

Question 23 options:

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Question 24 (1 point)

Calculate the tax owed by the foreign owner.

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Question 24 options:

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Question 25 (1 point)

Calculate the tax owed by the Qatari national owner.

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Question 25 options:

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