The following information was extracted from the books of Faida Ltd. for the year ended 31 December 2006

      

The following information was extracted from the books of Faida Ltd. for the year ended 31 December 2006
- Profit before tax sh. 400,000
- Import duty refunded by tax authority sh. 400,000
- Dividend distributed by Faida Ltd. sh. 8,800,000.
- Dividend received by Faida Ltd. sh 3,000,000
The rate of corporation tax is 30%

Required:
Compensating tax payable by Faida Ltd. for the year ended 31 December 2006

  

Answers


Wilfred
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Wilfykil answered the question on February 26, 2019 at 05:07


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