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effective v/s statuatory rate?

Former userFormer user5y ago

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stephenwidbergstephenwidbergTutor5y ago#1
UK example: PBT 100 Add back fine disallowed for tax 20 Taxable profit 120 Tax @19% = 22.8 Effective rate = 22.8 / 100 x 100 = 22.8% So, yes, because of permanent and temporary differences
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