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State and explain the types of abolished taxes.

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1.Poll tax- this tax was levied on any male over 18 years whether in receipt of income or not.
2.Capital gain- it was charged on gains or profit made on disposal of properties such as land, buildings and marketable securities e.g. shares, treasury bills and treasury bonds.
3.Sales tax- this was suspended in 1989 and replaced with VAT. It was charged on manufacturers of goods at manufacturing level.
4.Telephone and electricity tax- this was abolished in 1989 and replaced with VAT.
5.Accommodation tax- it was abolished in 1989and replaced with VAT
6.Inheritance tax- it was charged on properties which were inherited and was abolished in 1984.

Kavungya answered the question on March 26, 2019 at 04:55

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State and explain the types of abolished taxes.

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