What are the current regulations on CIT? CIT Law 32, 2013 amended some key regulations in the CIT Law 14, 2008. How is CIT computed and CIT rate? CIT = Taxable Income * Tax rate Taxable income in a period shall be determined as follows: TI = TT – DE + OTI TI – Taxable […]
Establishment cost Establishment cost is the expense incurred prior to the business registration certificate granted by the competent authority. Cost may consist of licensing fees, office rent, and other costs for goods and services rendered. Shall these expenses be considered reasonable expenses for CIT calculation, or deductible for VAT declaration? Establishment cost is considered reasonable […]
Establishment cost Establishment cost is the expense incurred prior to the business registration certificate granted by the competent authority. Cost may consist of licensing fees, office rent, and other costs for goods and services rendered. Shall these expenses be considered reasonable expenses for CIT calculation or deductible for VAT declaration? Establishment costs are considered reasonable […]