Non-Profit
UBIT Tax Actual Payment
Paying the Unrelated Business Income Tax accrued in a prior period.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Income Tax Payable (UBIT) | Liability (-) | 1,200.00 | - |
| Cash / Bank | Asset (-) | - | 1,200.00 |
💡 Accountant's Note
This clears the UBIT liability recognized when the income was earned. The payment is made to the tax authority — in Jordan, to the ISTD.
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