TX C Income tax liabilities of companies

Taxable income of an ordinary company (not a small company or bank) is Rs. 10,000,000. What is the tax at the corporate rate in ACCA's 2026 to 2027 tables?

• 1 Rs. 2,900,000
• 2 Rs. 2,000,000
• 3 Rs. 1,700,000
• 4 Rs. 3,500,000

A small company has taxable income of Rs. 10,000,000. What is the tax?

• 1 Rs. 2,000,000
• 2 Rs. 2,900,000
• 3 Rs. 1,000,000
• 4 Rs. 1,700,000

A company has accounting income of Rs. 30,000,000 and normal tax of Rs. 4,000,000. The alternative corporate tax rate is 17 percent. What tax is payable?

• 1 Rs. 9,100,000
• 2 Rs. 900,000
• 3 Rs. 4,000,000
• 4 Rs. 5,100,000

Which statement about a company's tax liability is correct?

• 1 A company is liable to tax separately from its shareholders
• 2 A company never pays income tax
• 3 Shareholders pay the company's tax
• 4 A company is taxed only on dividends paid

What are thin capitalisation rules about?

• 1 Restricting dividends
• 2 Limiting the deduction of interest on high debt in a foreign-controlled company
• 3 Increasing share capital
• 4 Reducing the tax rate

Where a company has a small and medium enterprise (SME) under the final tax regime, which rates are in ACCA's table?

• 1 0.25 percent for Category-1 and 0.5 percent for Category-2
• 2 7.5 percent and 15 percent
• 3 20 percent and 29 percent
• 4 17 percent for both

What is the general rate of withholding tax on dividends in ACCA's table?

• 1 Nil
• 2 25 percent
• 3 7.5 percent
• 4 15 percent

When is a company resident in Pakistan?

• 1 When it has any customer in Pakistan
• 2 When it has one employee in Pakistan
• 3 When it has a bank account in Pakistan
• 4 When it is incorporated in Pakistan, or its control and management are in Pakistan