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Question 4: A resident capital company has both Saudi and non-Saudi shareholders and its capital is divided between them equally. Net income for 2019 was

Question 4:A resident capital company has both Saudi and non-Saudi shareholders and its capital is divided between them equally. Net income for 2019 was 3,200,000 SR and was adjusted according to the tax rules applicable in the kingdom to 3,600,000 SR. (3 Marks)

Required:

  1. Compute the tax amount to be paid by the company.
  2. Compute the tax amount to be paid by non-Saudi shareholders assuming that dividends paid in cash of 800,000 SR.

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