Answered: The following taxpayers who received a…

The following taxpayers who received a dividend income from a domestic corporation will received a net of 10% final withholding RA NRAETB NRC RC

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter6: Accounting Periods And Other Taxes

Section: Chapter Questions

Problem 8MCQ

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Concept explainers

Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.

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The following taxpayers who received a dividend income from a domestic corporation will received a net of 10% final withholding

NRAETB

NRC

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