Pursuant to TRAIN, purely self-employed individuals including professionals whose gross annual sales or receipts and other non-operating income
do not exceed the new value-added tax (VAT) threshold of P3 million can elect to be taxed at either:
1 percent, the net profit increased by 3 percent due to increase in effective tax rates and lower non-operating income
due to mark-to-market impact on the invested surplus, compared to last year.
Meanwhile, EBITDA, before non-operating income
, is higher by 28.
The move comes after the Sindh High Court turned down an SSGC's plea that had challenged the regulator's decision which reversed treatment of the company's non-core activities as non-operating income
,' an official disclosed.
Second quarter investment and other non-operating income
was USD 10.
9% jump in other non-operating income
to $26 million, pretax income for the six months gained 1.
Also, the company said that the second quarter net earnings did not include any non-operating income
or expenses, nor did the second quarter of 2015 net earnings.
For instance, in the last financial year, non-operating income
At first the bank had classified the gain of SAR 573 million on the disposal as non-operating income
In May of 2014, the credit union reported a non-operating income
gain of $8,444.
Sadiq is accused of misusing authority, embezzling funds and causing Rs82 billion (approximately $850 million) losses to the national exchequer by converting operating income (regular income) into non-operating income
in violation of an agreement signed with the Asian Development Bank and the World Bank, relocating several CNG stations, making illegal appointments, etc.
This huge increase can be attributed to the increase in the bank's non-operating income
specifically a land sales transaction of SR 373 million.