The total amount of
accrued taxes and payments of PJSC TATNEFT for the 1st half of 2019 increased by RUB 14.3 billion relating to the 1st half of 2018 mainly due to an increase of the MET amount.
"My client has always cooperated with KRA and is willing to settle the
accrued taxes," lawyer Ayieko said.
AB 2503 was written with the intention of being taxpayer friendly and as a mechanism whereby the FTB could efficiently clean up its rolls of dormant companies that
accrued taxes while in a non-operational status.
He said the board's executive director Fazul Mohammed acted beyond his mandate by giving further directions to the Kenya Revenue Authority to recover
accrued taxes.
The Proposed Regulations define
accrued taxes as accrued tax expense recorded on taxable profits or losses, reflecting only operations in the relevant annual accounting period and excluding deferred taxes or provisions for uncertain tax liabilities.
These assets totaling TL 50.4 billion have
accrued taxes of TL 1.1 billion.
461(d), which governs the tax year in which a taxpayer can take a deduction for
accrued taxes, any change to a state's tax laws that occurs after Dec.
He said
accrued taxes and premiums owed to the tax administration would be restructured, noting that the arrangement did not come before the Economy Coordination Council yet.
After a responsible person knows of the unpaid tax liability, any money coming into the corporation, from any source, must be paid to satisfy both current and
accrued taxes.
The judge said the board executive director Fazul Mahamed acted beyond his mandate when he further directed Kenya Revenue Authority to recover
accrued taxes.