Tutorial 2

Tutorial 2 - Accounting and Financial Control Department...

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Accounting and Financial Control Department Taxation S 2012 Total annual Revenue: A. Basic Salary : [ Basic salary +Special Increment more than 5 years+ periodic (annual) raise if any]. B. Variable Wage: Representation allowance. Work nature allowance. Special increment( not added to the basic salary) Social increment. Work necessities allowances (travel, transport, car, food, clothes and housing allowances) Production incentives. Overtime wage. Rewards/Bonuses Grants C. Share of workers from profits D. Remunerations Received by members of BOD and Chairmen E. In kind/ Fringe Benefits. Total Annual Revenue (A+B+C+D) Deducted from it: 1. Sums exempted by special law: - Social increment. - Special increment. (Whether added to the basic salary or not). - Representation allowance in case the taxpayer works for a public sector . 2. Sums to meet actual expenses and related to the
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This note was uploaded on 03/19/2012 for the course CTRL 606 taught by Professor Mohamed during the Spring '12 term at Manor.

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Tutorial 2 - Accounting and Financial Control Department...

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