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XYZ Corporation in Saudi Arabia reported a taxable income of SAR 5,000,000 for the year. The corporate tax rate applicable to their income is 20%.
XYZ Corporation in Saudi Arabia reported a taxable income of SAR 5,000,000 for the year. The corporate tax rate applicable to their income is 20%. Calculate the company's corporate tax liability considering various tax deductions such as depreciation expense, charitable contributions, and research and development expenses. Provide a breakdown of the taxable income adjustments and the final tax liability.
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