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I have a question regarding taxation of interest on bonds.
In calculation, the taxation rate is not deducted from the interest.Could you please explain to me whether this is a correct treatment of bonds in foreign currency (so the saving on interest payments equal to taxation rate does not apply)?
Thank you in advance for your help.
Could you please specify the exact numbers given in your question ?
And if it’s in the BPP revision Kit or some ACCA paper, or basically some material which we can view online to verify what the question says and how they have solved it, we would be able to help you better. Right now it’s a little vague.This is ACCA paper from December 2009.
I think I got confused between calculating cost of bond for the company (where the tax is deducted first) and calculating profit of the company (where tax is deducted last).
Please disregard my question.
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