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Tax Computation Statement Form

Tax Computation Statement Form

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How to calculate income tax on income statement

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Instructions and help about tax computation format

this is ISA Khan and in this video I'm going to tell you how you will calculate corporate tax in UAE first of all corporate tax is not calculated on your sales amount or revenue account corporate tax is calculated on your taxable income so what is taxable income taxable income means your accounting profit plus adjustments you will get your taxable income and on that taxable income you will be chared with corporate tax so in the first step you will calculate accounting profit for a particular tax period or financial year and you can get that net profit from your financial statements prepared in ance with gap or applicable IFRS so once you got that net profit from financial statements add or deduct the adjustments ing to tax laws let's understand it with the help of an example suppose you are a taxable person and you are liable to pay tax suppose your net profit for a particular year is 750,000 that you took from your financial statements you will make the adjustments mea

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