1.Learning Outcomes:
- Understanding persons subject to income tax in the kingdom.
- Tax rates applied for each person subject to tax.
- What is permanent establishment?
- What is withholding tax?
- Understanding Taxable Activity
- Understanding Tax Exempt Incomes
- Understanding Deductions and Losses2.Action Required:
Watch The Short Video In The Following Link:
https://www.youtube.com/watch?v=xxNcZBhxh7w
3.Test Your Knowledge:
Answer The Following Questions by using the link created on the discussion board.
Define withholding tax and give examples.
Explain how capital and loss gains are calculated and what is the tax treatment for them in case of disposing of assets? ———————————————————————-
Week 3:
- Learning Outcomes:
- Understanding Employee Expenses
- Understanding Deferred Compensation
- Understanding Accounting Periods and Methods
- Understanding the equations of calculating alms on money.
- Understanding Accountancy Rules and Equations for Alms on Money
- Understanding Executive Measures for Calculating Alms for Individuals and Companies
2. Action Required:
Watch The Short Video In The Following Link:
https://turbotax.intuit.com/tax-tips/tax-deduction…
3. Test Your Knowledge:
Answer The Following Question by using the link created on the discussion board.
Explain the tax treatment for bad debt and net operating losses.
Explain which assets are zakat able and which are non-zakat able and steps for calculating zakat on cash wealth
