hich of the following statements are incorrect?

Statement -1: Lower income consumers are more affected by progressive tax structure

Statement-2: Failure to pay tax is punishable in the form of civil penalties only

Statement-3: Intermediaries collect the indirect taxes, file tax returns and pay the proceeds to the government

Statement-4: Tax evasion does not entail misleading to tax authority

a.

Statements (2) and (4) are incorrect

b.

Statements (1), (2) and (4) are incorrect

c.

Statements (1), (2) and (3) are incorrect

d.

Statements (2), (3) and (4) are incorrect

hich of the following income is an exempted from tax as per the Oman Tax Law?

a.

Dividends received on shares from Saudi Arabian Company

b.

Dividends received on shares from an UAE Company

c.

Dividends received on shares from Kuwaiti Company

d.

Dividends received on shares from Omani Company

hich of the following is an exempt asset for capital gain tax purposes?

a.

Residential Property

b.

Diamond Ring

c.

Qualifying Corporate Bonds

d.

Painting

uthorized Mileage Allowance received by employee who uses own Motor Cycle for business journeys is exempted up to

a.

Number of miles drove x 0.24 p

b.

Number of miles drove x 0.45 p

c.

Number of miles drove x 0.20 p

d.

Number of miles drove x 0.25 p

Which of the following is correctly mentioned regarding tax relief for Gift and Charity Payments?

a.

Increase the basic rate band limit and higher rate band limit by the amount of paid for Gift and charity payment

b.

Increase the basic rate band limit only by the amount paid for gift and charity payments

c.

Increase the basic rate band limit only by gross amount paid for gift and Charity payments

d.

Increase the basic rate band limit and higher rate band limit by gross amount paid for Gift and charity payments