TQ1. GULF COMPANY Annual fixed costs (excluding depreciation), are forecast at TZS 80,000,000. As per agreement Gulf Company is an Italian based manufacturer of radios. The company’s senior management
TQ1. GULF COMPANY Annual fixed costs (excluding depreciation), are forecast at TZS 80,000,000. As per agreement Gulf Company is an Italian based manufacturer of radios. The company’s senior management year’s after tax accounting profit. Cash remitted to Italy from the subsidiary is not taxable in 1400/Euro. Corporate tax in Tanzania is 30%, in Italy 40%. Tax is payable, and allowances are TANZANIA 6%. The cost […]