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Company Profit Before Tax is 1000 Eur for 2015.Corporate income tax rate 10%. On 1...

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Accounting

Company Profit Before Tax is 1000 Eur for 2015.Corporate income tax rate 10%. On 1 Jan 2015 Company acquired one asset with the acquisition value of 300 EUR . As per Accounting policy assets are depreciated over 3 year term starting from acquisition date. In accordance with Tax Law assets are depreciated over 1 year, also starting from the acquisition date. Additionally, 50 EUR expense incurred in 2015 is non-deductible for tax purposes. Please calculate tax base and fiscal corporate income tax for 2015.

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