In calculating additional tax payable, the foreign tax offset includes the corporate tax and withholding tax, so does it mean that import duty is not considered and why?
Your assistance will highly be appreciated.
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AFMAdditional tax payable
11y ago#1You do not say which question you are referring to!
Import duty is a separate tax anyway and is not offsettable against corporation tax.
(In future, if you wish me to answer then you must ask in the P4 Ask the ACCA Tutor Forum. This forum is for students to help each other.)
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