Rapu Ture - Exploring the Rules

A person's taxable income for a tax year

Income Tax Float YEAR Person Formula Included used 0 times

Value type Float . Default value 0 Entity person

How is this calculated?

To calculate this variable, the following input is used


This is the formula used to calculate the value of income_tax__taxable_income


This formula is used for scenarios from the date 0001-01-01 onwards. More info on formulas

def formula(person, period, parameters):
    taxable_income = (person('income_tax__net_income', period) - person('income_tax__available_tax_loss', period))

    return (
        taxable_income * (taxable_income > 0)