110928 Corporate taxation case

110928 Corporate taxation case - 10% rate should be paid by...

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INCOME TAXATION Case solving
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Income Taxation – further case solving © 2011 Vladimir Tyutyuryukov Tax consulting and corporate taxation 2 IRAC structure: Issue Relevant Law Analysis Conclusions
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Income Taxation – further case solving © 2011 Vladimir Tyutyuryukov • The hydro power plant produces electricity and breeds fish in its reservoirs • Book value of power plant dam and buildings at 1 January 2010 is KZT 300 mln, book value of power plant equipment is KZT 100 mln • Book value of land plot with reservoirs at 1 January 2010 is KZT 500 mln, fish breeding equipment has value of KZT 50 mln • Monthly gross salary of staff of power plant is KZT 17 mln (170 persons), that of fish breeding staff is KZT 5 mln (50 persons); on top of that social security contributions at
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Unformatted text preview: 10% rate should be paid by employer Other expenses are KZT 300 mln Power plant paid out dividends, of which KZT 5 mln were distributed between employees (who are minor shareholders) Company provides free meals for employees, which cost KZT 990,000 monthly Some of employees passed annual professional training, which cost KZT 1 mln to the company The Parliament adopted on 1 July 2010 a law that decreases depreciation limit for plant and equipment from 25% to 20% What taxes are due in this situation? 3 Electricity sales: KZT 1 bln Fish sales: KZT 70 mln Income Taxation further case solving 2011 Vladimir Tyutyuryukov Do not feel like that: 4 things might have turn other way Q&A SESSION THANK YOU FOR HARD WORK!...
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110928 Corporate taxation case - 10% rate should be paid by...

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