GREY:TBTEF - Post by User
Comment by
Oldfart74on Mar 26, 2017 12:07pm
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Post# 26032214
RE:Development costs ; 30 % refundable, 70 % deductible
RE:Development costs ; 30 % refundable, 70 % deductible Expertchoc wrote: Example : for 2015, TBE has engaged 100 millions on development expenses, on its 2015 corporate tax return, it claims 30 millions as refundable tax credit, and 70 millions is capitalized and amortized at a rate of 30 % per year until exhaustion.
combined tax rate is the average before all credit and exceptions.
100% wrong. The poster is confusing accounting for tax and utilization of tax pools for calculating income tax.