Bahir Dar Textile Factory, has reported the following information for the year ended S Business income during 2014 tax year is; Sales revenue---... Expenses during 2014 tax year is Br. 1,750,000 Direct material cost............ Br. 550,000 Salary expense..... .Br. 450,000 Administrative expense....... Br. 235,000 Maintenance expense....... Br. 50,000 Interest expense.... Br. 43,300 Advertisement expense.... . Br. 25,500 Depreciation expense........... Br. 20,000 Determine taxable income, tax liability and net profit of Bahir Dar Textile Factory Under the Ethiopian tax proclamation code; write the type/list of products that shall be when either produced locally or imported and the rate which they are taxed. What is stamp duty tax? What type of instruments shall be chargeable with stamp duty? What is tax liability? How the taxpayer can determine their tax liability? ....
