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The annual income of a person is OMR 53,000 and the exempted income amount is OMR 28,000. The income tax payable at the rate of
The annual income of a person is OMR 53,000 and the exempted income amount is OMR 28,000. The income tax payable at the rate of 5% would be: a. OMR 1,400 b. OMR 3,900 c. OMR 2,650 d. OMR 1,250 Safeer LLC has earned an income of OMR 61,200 in the tax year 2019. In the year 2016 company has earned an income of OMR 12,000 and in 2015 incurred the loss of OMR 28,000 which is so far not claimed fully for set-off from the succeeding year's incomes. What is the tax liability amount after set off losses as per Oman Tax Law? a. OMR 996 b. OMR 6,780 C. OMR 636 d. OMR 1,356
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