Article 113 - Calculation of Tax Payable
(1) The amount of corporation tax payable for an
Accounting Period is calculated by applying the appropriate rate of tax to the QFC Entity's Taxable Profits for the Accounting Period.
(2) Except where otherwise provided, references in these Regulations and the
Tax Rules to the amount of tax payable by a QFC Entity for an Accounting Period are to the amount shown in the QFC Entity's self-assessment as the amount payable.
|Amended (as from 18th June 2014)|