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 Individual Income Tax Adjustments 2024-2025

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required adjusted taxable income for Baraka limited for the year ended 31st December 2016. this question covers taxation of income of companies now it was Alia noted that a company is taxed or assessed using a proportional scale of 30 percent so normally you will determine the taxable income of a company and then you multiply by 30 percent and that shall give you the tax payable now here we've been given the net net loss now it was also mentioned that when you're Computing the incomes of the company the method that you're going to apply depends on the information that you have for example if the information that you have is a list of figures let's say like a trading account um the list of figures then you're going to determine the income that is taxable then you less the allowable expenses that gives you the taxable income of that company times 30 percent but now like in our case we have the net loss so we shall adjust the net loss with the disallowable expenses so

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