 
|
 |
 |
 Corporate
Income Tax : Filing
The company must file its tax return with DZIT and pay accordingly within
two and a half months of the end of the year the return represents. There
are two types of returns: Provisional return (return no.1), Final Return
(return no. 2).
The taxpayer is required to attach with the return its financial statements
and the following schedules:
a. Depreciation Schedule;
b. Income and sources Schedule;
c. Expenses and their items Schedule;
d. Sub-contractors, technical and consulting services Schedule;
e. Insurance installments paid and names of recipient companies Schedule;
f. Expenses paid abroad Schedule;
A taxpayer may request a grace period not to exceed 6 months to file the
final tax return under the following conditions:
a- the taxpayer should submit a request for the extension, showing reasons
for the need for the grace period.
b- The taxpayer has filed the provisional tax return, return no. 1, and
paid accordingly.
If a taxpayer has not filed return in timely manner, DZIT
has the right to make a presumptive assessment based on a minimum profit
of 15 percent (based on type of activity) of gross receipts during the year.
- Final Tax Return for Temporary Foreign
Companies and Joint Ventures
    |
|
Brief Information on DZIT
