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As a newly appointed Tax Manager of ABC audit firm, advise a client, Mr. Baraza on the following issues: i) He has submitted a self-assessment return...

      

As a newly appointed Tax Manager of ABC audit firm, advise a client, Mr. Baraza on the following issues:
i) He has submitted a self-assessment return and wishes to know three possible responses he could receive from the commissioner.
ii) Three different types of income on which turnover tax is not applicable

  

Answers


Wilfred
i) The possible responses from the commissioner
- Amended self-assessment
- Additional assessment
- Sampled for in depth examination

ii) Three types of on which turnover tax is not applicable
- Income exempt from tax
- Where business income does not exceed sh.500,000
- Income of limited companies
- Rental income.
- Professional or management fee or training fees.
Wilfykil answered the question on February 15, 2019 at 07:15


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