279R11. The gaming authority’s additional credit in respect of gaming activities for a reporting period of the authority is the amount determined by the formula
A - B - C.
For the purposes of this formula,
(1) A is the total of all amounts that the authority is required, under section 279R7 or 279R8, to add in determining its net tax for the period;
(2) B is the total of all amounts each of which is a credit of the authority in respect of a prize or winnings for the period determined under section 279R9 or 279R10; and
(3) C is the imputed tax payable by the authority on gaming expenses for the period determined under sections 279R12 to 279R17.