(i) The commission has power to put a caveat on a taxable person‘s property
(ii) The commission has power to cease goods of a taxable person for recovery of tax.
(iii) The commission has power to tax direct from a customer of a taxable person.
(iv) A tax officer has powers to enter premises without warrant and examine any records or any books kept there.
(v) The officer can take a sample of goods of a taxable person without any payment
Wilfykil answered the question on February 15, 2019 at 07:36
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Explain the following terms as used in taxation:
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(Solved)
Explain the following terms as used in taxation:
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Date posted:
February 15, 2019
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February 15, 2019
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Beta Supermarket Ltd. is registered for VAT. During the month of January 2013, the supermarket had the following transactions
Determine A value added tax (VAT) account...
(Solved)
Beta Supermarket Ltd. is registered for VAT. During the month of January 2013, the supermarket had the following transactions
January
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2 Paid for catering expenses Sh. 68,000 by cash
3 Mwamba Enterprises returned goods valued at Sh.60, 000, and received a credit note.
4 Exported goods to Uzalendo Ltd., a company based in Rwanda for Sh. 300,000
5 Purchased stationery for Sh. 84,000 on credit from Smart Books Bookshop.
9 Purchased goods for Shs 800,000 from Uchumi Enterprises on credit
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16 Received a debit note of Sh. 48,000 from Uchumi Enterprises
17 Paid electricity bills amounting to Sh. 24,000 by cheque
20 Engaged an auditor and paid him Sh. 60,000 for auditing the supermarket‘s inventory.
21 Sold goods worth Sh. l,400,000 to the Ministry of Youth and Sports
24 Bought spare .parts for repair of motor vehicles for Sh. 120,000
25 Sold goods on credit to Jawabu Enterprises for Sh. 800,000
30 Made cash sales of Sh. 200,000 and banked the cash on the same day
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Date posted:
February 15, 2019
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Date posted:
February 15, 2019
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(Solved)
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Date posted:
February 15, 2019
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As a newly appointed Tax Manager of ABC audit firm, advise a client, Mr. Baraza on the following issues:
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Date posted:
February 15, 2019
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Date posted:
February 15, 2019
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Date posted:
February 15, 2019
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Date posted:
February 15, 2019
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Date posted:
February 15, 2019
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February 15, 2019
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(Solved)
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Date posted:
February 15, 2019
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(Solved)
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Date posted:
February 15, 2019
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Answers (1)
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Date posted:
February 15, 2019
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Answers (1)
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The following purchases and sales were made by Haraka Enterprises during the month of December 2013:
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(Solved)
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Date posted:
February 15, 2019
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Answers (1)
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Highlight four circumstances under which the government might revoke the licence of a manufacturer of excisable goods.
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Date posted:
February 15, 2019
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Date posted:
February 15, 2019
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February 15, 2019
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Date posted:
February 15, 2019
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Answers (1)
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(Solved)
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Date posted:
February 15, 2019
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Answers (1)