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ded_div_rate #18

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ded_div_rate #18

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28 changes: 26 additions & 2 deletions taxcalc/current_law_policy_cit_cambodia.json
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Original file line number Diff line number Diff line change
Expand Up @@ -248,8 +248,7 @@
"out_of_range_minmsg": "",
"out_of_range_maxmsg": "",
"out_of_range_action": "stop"
},

},
"_rate_ded_charity": {
"long_name": "Rate at which charitable contributions are capped as percentage of adjusted profit ",
"description": "Rate to calculate maximum allowable charitable expenses",
Expand All @@ -274,6 +273,31 @@
"out_of_range_minmsg": "",
"out_of_range_maxmsg": "",
"out_of_range_action": "stop"
},
"_rate_ded_dividend": {
"long_name": "Rate at which dividends is allow to deducted of adjusted profit ",
"description": "Rate to calculate allowable dividends expenses",
"itr_ref": "Tax Law",
"notes": "",
"row_var": "Year",
"row_label": [
"2022"
],
"start_year": 2022,
"cpi_inflatable": false,
"cpi_inflated": false,
"col_var": "Value",
"col_label": ["Value"],
"boolean_value": false,
"integer_value": false,
"value": [0.5],
"range": {
"min": 0.0,
"max": 1.0
},
"out_of_range_minmsg": "",
"out_of_range_maxmsg": "",
"out_of_range_action": "stop"
},
"_rate_int_ded": {
"long_name": "Rate at which interest expenses are allowed as percentage of non-interest income ",
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8 changes: 4 additions & 4 deletions taxcalc/functions_cit_cambodia.py
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Original file line number Diff line number Diff line change
Expand Up @@ -205,11 +205,11 @@ def Total_deductions(total_depr, dec_provision, loss_disposal, other_ded_exp, to


@iterate_jit(nopython=True)
def Total_non_tax_inc(dividends, capgain_disp_assets, other_inc, total_non_tax_inc):
def Total_non_tax_inc(capgain_disp_assets, other_inc, total_non_tax_inc):
"""
Compute total taxable profits afer adding back non-allowable deductions.
"""
total_non_tax_inc = dividends + capgain_disp_assets + other_inc
total_non_tax_inc = capgain_disp_assets + other_inc
return total_non_tax_inc


Expand All @@ -220,11 +220,11 @@ def Total_non_tax_inc(dividends, capgain_disp_assets, other_inc, total_non_tax_i
'''

@iterate_jit(nopython=True)
def Adj_profit(net_accounting_profit, total_additions, total_deductions, total_non_tax_inc, adjusted_profit ):
def Adj_profit(net_accounting_profit, total_additions, total_deductions, rate_ded_dividend, dividends, total_non_tax_inc, adjusted_profit ):
"""
Compute total taxable profits afer adding back non-allowable deductions.
"""
adjusted_profit = net_accounting_profit + total_additions - total_deductions - total_non_tax_inc
adjusted_profit = net_accounting_profit + total_additions + dividends*(1-rate_ded_dividend)- total_deductions - total_non_tax_inc
return adjusted_profit


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