Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Why should a tax commissioner pay attention to the expenses allowed and incomes not added in the client's financial book to get net taxable profit?

Allowable expenses and dis allowable, taxable profits and non taxable profits,   

user-image
Question added by fuad bwanakheri family , Accounts Assistant officer , Ketty Tours And Safaris Limited
Date Posted: 2016/05/04
Andreeas Stingaciu
by Andreeas Stingaciu , Pricing Specialist , Transguard Group LLC

The taxable profits have to be properly reported so the right amount of tax is paid to the authorities. Not including all taxable revenues, or not deducting the allowed expenses means a different tax paid. Not being compliant to the tax rules might involve fines or legal implications according to the local legislation.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.