Tag Archives: Ibrahim

What is the gain or loss on the disposed asset and whether gains or losses taken into consideration when determining tax base?

Q1. Explain the tax treatment for the following transactions under article (9) of the income tax law 🙁 7.5 marks) Tax payer has personal asset valued at SAR 100,000 a cost base of SAR 80,000. Earning gains of SAR 20,000. What is the gain or loss on the disposed asset?   .Tax payer has an […]