One important aspect to be kept in mind is that the preparation of the opening IFRS balance sheet will be based on the IFRS guidance as prevalent at the annual reporting date (i.e., 31 March 2012) and ...
The current practice for determining contract revenue by FIRS shall be sustained. Only costs attributable to certified work done shall be allowed for tax purposes in line with provisions of CITA.
The current practice for determining contract revenue by FIRS shall be sustained. Only costs attributable to certified work done shall be allowed for tax purposes in line with provisions of CITA.
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