Professional Services
Corporate Income Tax Provision — Professional Services Firm
Accruing the annual income tax on the firm's taxable profit.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Income Tax Expense | Expense (+) | 18,000.00 | - |
| Income Tax Payable (ISTD) | Liability (+) | - | 18,000.00 |
💡 Accountant's Note
Professional services entities incorporated as companies pay corporate income tax. Partnerships are typically transparent for tax — partners pay personal income tax on their share. The applicable Jordanian rate depends on the entity type and sector.
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