The Excel file is usually locked for formulas but open for data entry. Check the Net Taxable Income cell. If it shows #REF! or #VALUE! , you may have entered text in a numeric field. unless you are an advanced user, as altering formulas can invalidate the declaration.
You might wonder: Why not just use the online portal or a paper form? erca business income tax declaration form excel
: Crucial for calculating COGS in Annex 2. The Excel file is usually locked for formulas
This is the core calculation area. It includes Business Income (Sales/Turnover) , Cost of Goods Sold (COGS) , and Business Expenses to determine the final tax due. Cost of Goods Sold (COGS)