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Author Topic: Taxes - profit or income?  (Read 961 times)

Offline sergio

  • Members
  • Posts: 131
Taxes - profit or income?
« on: January 26, 2010, 10:06:39 AM »
I thought that companies pay taxes from profit.

Well on week 23, i had Sold tickets 972 979 USD + 335 USD interest, total costs -730 046 USD.

And tax 30% - 448 363 USD. Thus resulting in -205 095 USD, insteade of

(973979 + 335 - 448363) * 0.7 = +170287.60 USD.

I I am VAT company, than +30 % must be added to tickets, when sold.

I just dont know.

rgss

  • Former member
Re: Taxes - profit or income?
« Reply #1 on: January 27, 2010, 04:26:43 PM »
 I think the withheld tax is calculated on a monthly basis, so the previous month to that week you shuold have earned 1 494 543 $ ... ::)

cheers

 

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