The foreign income is not the same on the schedule and tax computation
- Article ID
- ias-12099
- Article Name
- The foreign income is not the same on the schedule and tax computation
- Created Date
- 13th October 2015
- Product
- IRIS Personal Tax
- Problem
- The foreign income appears correctly on the schedules of data but a different amount is shown on the tax computation.
- Resolution
- The schedules of data will show what has been input on the data entry screen. The tax computation will round any foreign dividend income up at a rate of 100/90 and this is why the figure on the tax computation will be higher than the amount shown on the schedules of data. Please see KB Item 7927 for more information on why the income has been grossed up
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