- Maintaining proper records of tax payable from employee.
- Determining the tax payable on a graduated scale rate where applicable.
- Submitting PAYE to the revenue authority on specified dates.
- Issuing certificates of (PAYE) to employees
- Informing the commissioner of income tax where appropriate of his inability to comply with the tax notice giving reasons as to why.
Wilfykil answered the question on February 13, 2019 at 08:41
-
Explain the tax position of a resident individual with respect to the following:
(i) Royalty income.
(ii) Loan received from an employer at an interest rate below...
(Solved)
Explain the tax position of a resident individual with respect to the following:
(i) Royalty income.
(ii) Loan received from an employer at an interest rate below the market interest rate.
Date posted:
February 13, 2019
.
Answers (1)
-
Kalimu and Shikah commenced trading in partnership as Kashi Enterprises on 1 January 2013. They share profits and losses in the ratio of 2:1 for...
(Solved)
Kalimu and Shikah commenced trading in partnership as Kashi Enterprises on 1 January 2013. They share profits and losses in the ratio of 2:1 for Kalimu and Shikah respectively. The partners were to receive monthly salaries of Sh.18, 000 and Sh.22,000 for Kalimu and Shikah respectively. The partnership did not maintain a complete set of accounting records.
The following summary of the bank statements for the year ended 31 December 2013 has been presented to you.


Required:
(i) Adjusted partnership profit or loss for the year ended 31 December 2013.
(ii) Distribution schedule of the profit or loss calculated in (i) above.
Date posted:
February 13, 2019
.
Answers (1)
-
Explain four reasons why a country might prefer a multiple tax system over a single tax system
(Solved)
Explain four reasons why a country might prefer a multiple tax system over a single tax system
Date posted:
February 13, 2019
.
Answers (1)
-
Identify four ways in which an individual or firm could engage in ?tax avoidance
(Solved)
Identify four ways in which an individual or firm could engage in ―tax avoidance
Date posted:
February 13, 2019
.
Answers (1)
-
Argue six cases against indirect taxes imposed in your country
(Solved)
Argue six cases against indirect taxes imposed in your country
Date posted:
February 13, 2019
.
Answers (1)
-
Outline four sources of revenue for a county or local authority
(Solved)
Outline four sources of revenue for a county or local authority
Date posted:
February 13, 2019
.
Answers (1)
-
Discuss four factors that influence tax shifting in an economy
(Solved)
Discuss four factors that influence tax shifting in an economy
Date posted:
February 13, 2019
.
Answers (1)
-
Explain the term "set-off tax" as used in taxation
(Solved)
Explain the term "set-off tax" as used in taxation
Date posted:
February 13, 2019
.
Answers (1)
-
Distinguish between a "single tax system" and a "multiple tax system".
(Solved)
Distinguish between a "single tax system" and a "multiple tax system".
Date posted:
February 13, 2019
.
Answers (1)
-
Suggest four ways on how tax policy can be used to promote the growth of small and medium enterprises (SMEs) in your country
(Solved)
Suggest four ways on how tax policy can be used to promote the growth of small and medium enterprises (SMEs) in your country
Date posted:
February 13, 2019
.
Answers (1)