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Chmura Q Dec 13

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Chmura Q Dec 13

  • This topic has 4 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • May 30, 2019 at 11:57 am #517932
    bik123
    Member
    • Topics: 57
    • Replies: 81
    • ☆☆

    Hi I have a question regarding tax rates.

    Megham foreign subsidiary has tax rate 25%, Chmura parent company has 20%. Megham pays 25%, and then when inflows are remitted to Chmura, there is no tax beacause of bilateral tax treaty right(and Meghan country has higher tax rate)? And Chmura cannot retrieve 5% in country where is based?

    Thanks

    May 30, 2019 at 11:58 am #517933
    bik123
    Member
    • Topics: 57
    • Replies: 81
    • ☆☆

    I was watching live revision kit, part 1 and 2 but I think it was not discussed. By the way this Live revision kit is amazing thing, appreciate that, thanks a lot.

    May 30, 2019 at 4:14 pm #517953
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    What you have written is correct. Had the tax rates been the other way round, then they would only have had to pay the extra 5%, but this way round they do not get tax refunded.

    And thank you for your comments – when I have the time from updating lecture notes and recording lecture on them for all of my papers, I will record more ‘revision kit’ lectures. 🙂

    May 30, 2019 at 4:16 pm #517955
    bik123
    Member
    • Topics: 57
    • Replies: 81
    • ☆☆

    OK. Thank you again.

    May 30, 2019 at 4:18 pm #517958
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
  • The topic ‘Chmura Q Dec 13’ is closed to new replies.

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