9. (a) Distinguish between direct tax and indirect tax, giving an example of each. (4 marks) (b) Briefly explain the difference between tax avoidance and tax evasion and give an example of each. (3) (c) State the deadline for the submission of VAT returns to the Botswana Unified Revenue Services (BURS) (2 marks) (d) State the minimum period for which a person who is engaged in business in Botswana is required to maintain documents for tax purposes. (1 mark) 10. The following capital transactions took place in Moses Enterprises (Proprietary) Ltd during the year ended 30 June 2015. Immoveable Properties 1. In September 2014 the company sold an industrial property for P4, 850,000. The original cost of the property was P950, 000 made up as follows: P February 1988 - cost of land 100,000 May 1994 - cost of buildings 480,000 November 2001 - cost of extensions 370,000 2. In May 2015 the company purchased a residential property for P1, 450,000, which will be occupied by the company's major shareholder. Shares 1. In July 2014 the company sold its entire shareholding in Farai Stores (Pty) Ltd for P250, 000. The original cost of these shares in January 1998 was P400,000, but due to the fact that Farai Stores (Pty) Ltd has been making losses for some years it was decided to divest of the entire investment. 2. In March 2015 the company sold 300 of its holding of 1,500 shares in Shamah Holdings (Pty) Ltd for P750,000. The cost of the holding was made up as follow June 1999 - 600 shares 740,000 October 1999 - 200 shares 220,000 February 2004 - 700 shares 1,140,000 Other information 1. The chargeable income of the company for the year ended 30 June 2015, before taking account of the above transactions, was P3,600,000. 2. Capital allowances claimed on the industrial property at the time of sale amounted to P200,000 3. The company has a capital loss brought forward from the 2014 tax year amounting to P52, 314. Required: (a) Calculate the net disposal gains or losses arising on the sale by Moses Enterprises (Proprietary) Ltd of the immoveable property and shares in the year ended 30 June 2015. (8 marks) (b) Calculate the taxable income of Moses Enterprises (Proprietary) Ltd for the tax year ended 30 June 2015 (2 marks)