Question 1.1.
OOO Raduga was created in January 2015. It is a software developer; all its income is from the development of software. On 28/12/2021 Raduga was officially accredited as an IT-company by the Ministry of digital development of the Russian Federation.
OOO Raduga always applies the accruals method for both profits tax and value added tax (VAT) and uses a quarterly profits tax reporting period.
The following data from Raduga’s tax records is available for the years 2015-2023 (all numbers are net of VAT):
2023 2022 2021 2020 2019 2018 2017 2016 2015
Taxable income
1900 2000 1660 1200 1350 1280 700 1260 1000
Deductibl e costs
1500 1400 1700 1400 1250 1100 1000 1200 1100
Pre-tax profits (loss)
400 600 (40) (200) 100 180 (300) 60 (100)
Required: Calculate the tax base after all allowances and the corporate profits tax liability of OOO Raduga for the years 2016, 2018, 2019, 2022 and 2023. Show separately all elements of income and expenses. Note: Ignore social insurance contributions.
