For an incorporated business, the taxation of trading income is a form of direct taxation...

CIMA F1 Question Answer

For an incorporated business, the taxation of trading income is a form of direct taxation which is based on:

business profits where the tax is paid by the shareholders to the tax authorities.

dividends paid to shareholders where the tax is paid by the business to the tax authorities.

dividends paid to shareholders where the tax is paid by the shareholders to the tax authorities.

business profits where the tax is paid by the business to the tax authorities.

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