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Mohamed Rezq's image
Question added by Mohamed Rezq مساعد محاسب شركه
4 years ago
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Question added by Wilson Madzinga Assistant Accountant/ MSBI Finance Padenga Holdings
6 years ago

How do we treat a disposal of an asset that qualifies for tax allowance for the purpose of calculating corporate tax? ‎

How do we treat a disposal of an asset that qualifies for tax allowance for the purpose of calculating corporate tax ‎

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Question added by Zubair Mayo Senior Auditor Meralis's Chartered Accountants
6 years ago
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Question added by Perfect Risimati In Room Dining Order Taker Fairmont Bab Al Bahr
6 years ago
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ايمن محمد عاطف محمد's image  
Answer added by  ايمن محمد عاطف محمد, Director of the control and regulation unit, ACOLID
3 years ago

For one-person companies, according to amendments to the laws and regulations of commercial companies, they are included in the limited liability companies and are treate ... See More

Mamoun elbaghir abdalla mhamad Eltayeb's image  
Answer added by  Mamoun elbaghir abdalla mhamad Eltayeb, Insurance agent / Producer, Albaraka Insurance Company
4 years ago

 May treat it as income tax , that is in my opinion . Regards .

Naeem Aslam's image  
Answer added by  Naeem Aslam, Group Tax Consultant, Tech Group PJSC
6 years ago

There will be no impact most probably, because you have already claimed VAT on your purchases.

Mohammed Saqib's image  
Answer added by  Mohammed Saqib, Chief Accountant, Al Rumaithy Establishment
6 years ago

For damaged goods, you may try to sell at discounted value then VAT will be liable as per normal sale transaction on it. For the expired goods, since you may end up write ... See More