Web1701A - "Total Amount Payable/ (Overpayment)" Registered freelancer - under the 8% tax rate and below the non-taxable income amount, but I have an "Aggregate Amount Payable/ (Overpayment)". I don't mind paying the amount but I can't select "To be carried over as tax credit..", or the other two options.. Not sure what to do. Webv. t. e. Salaries tax. Salaries tax is a type of income tax that is levied in Hong Kong, chargeable on income from any office, employment and pension for a year of assessment arising in or derived from the territory. For purposes of calculating liability, the period of assessment is from April 1 to March 31 of the following year.
Surcharge on Income Tax : Surcharge Fee, Calculation & Marginal …
WebJan 25, 2024 · On the other hand, say your company calculates its income tax expense at $10,000, but its actual tax bill is $12,000. Your company reports the expense of $10,000 … WebThe Service Tax Rate applicable from 1st June 2016 is 15%. This rate is an inclusive rate and SHEC and Education Cess is not required to be charged above this. This Tax is required to be deposited on a Monthly/Quarterly basis. It can be paid either by manually depositing in the Bank or through Online Payment of Service Tax. hertfordshire county council zebra funding
1701A - "Total Amount Payable/(Overpayment)" : r/taxPH - Reddit
WebAnswer (1 of 5): As an amateur accountant I can answer that. In double entry bookkeeping, you incur an expense when you incur a liability. You may still have the money you owe, but … WebDec 7, 2024 · An example of taxes payable is the sales taxes payable account, for which the liability is recorded at the time a customer is invoiced, with a debit to the accounts … WebAnswer: Yes income tax expense is expense in nature basically part of income statement and tax payable is basically a liability a part of balance sheet. As per accrual concept … mayflower anniversary