Taxes and taxation. Educational manual. Баян Ермекбаева

to art. 103 the sum of allowed deductions over payed interest to the related party is calculated on the basis of the ratio of average annual capital and average liabilities and multiplied by limit factor:

      600 + ( 2300/46 000)*6*650 = 600 + (0,3* 650) = 600+195= 795 thous. tenge – the sum of allowable deductions

      2500 – 1250 = 1250 * 20 % = 250 (calculated CIT)

      2500 – 795 = 1705 * 20 % = 341 (corrected CIT)

      CIT must be assessed additionally for the sum of 91 thous. tenge (341 – 250)

Task № 4

      The company in 2011 had income of 20 million tenge, allowable deductions 16 mln, at the same time deduction is applied for taxes calculated during the period in the sum of 1 800 thous. tenge, with the taxes paid 1300 thous. tenge. What sum has to be corrected for the corporate income tax at a rate of 20 %?

      The solution:

      Correction in the sum of tenge 100000 accrual of art. 114

Task № 5

      LLP «Dostyk» in the tax period received taxable income in the sum of 1 500 thous. Tenge; before inclusion of the currency exchange rate difference, a positive difference for this period was – 200 thous. tenge and negative exchange difference – 700 thous. tenge. CIT sum is (20 %);

      Solution: Art. 113

      (1500 – (700 -200)) * 20 % = 200 thous. tenge

Task № 6

      The company «Shank» has loss: year of 2007 – 100 thous. tenge, 2008 – 50 thous. tenge, 2009 – 150 thous. tenge, in 2010 – taxable income has been gotten – 75 thous. tenge. What sum of propogated losses the «Shank» will show for 2011?

      The solution:

      100 000+50 000+150 000-75 000 = 225 000 tenge

Task № 7

      When filling out the corporate income tax for the year 2010 by chief accountant of «Altynai», established in May 2006, were calculated TAI and deductions. The basis for these calculations the following data of the financial reporting of the Company (excluding VAT) were used:

      Incomes:

      – From sales of magazines and posters – 9300 thous. tenge;

      – From sales of label products – 3450 thous. tenge;

      – From sales of previously purchased paint and foil – 1320 tenge;

      – Interest on bonds of Kazakhstan legal entities – 240 thous. tenge;

      – From sale of property and equipment included in group 3 of the FA on tax accounting – 45 thous. tenge;

      – Foreign exchange income on executed operations – 8 thous. tenge

      Costs:

      – Salaries of staff – 4 000 thous. tenge;

      – Rent of office building in the city – 460 thous. tenge;

      – Other documented expenses associated with obtaining income – 3 500 thous. tenge;

      – amortization of main assets – 1 250 thous. tenge, including;