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Compute the compensating tax payable

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Reference no: EM132042836

Question - In regard to the topic of compensating tax, a question I have set to analyze the situation.

The following data relates to Nyawira Ltd, for year ended Dec. 2008

Details Kshs.

Profit after Tax 4.2m

Div paid 6,400,000

Div received 1,500,000

A tax refund of Kshs 360,000 was received by the company for the year ended 31 dec 2008.

Compute the Compensating tax payable.

Reference no: EM132042836

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