Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 2. a. Mention five tax laws in Ghana b. Discuss what is meant by filing annual returns. c. In your own words, what is

QUESTION 2. a. Mention five tax laws in Ghana b. Discuss what is meant by filing annual returns. c. In your own words, what is the difference between filing returns and paying returns? d. What steps can be taken by a company to extend the period for filing / paying returns e. Christopher was required to purchase cement from a ware house. The invoice was GHS 175,138.49 (Vat exclusive) Required: i Calculate the VAT, NHIL , COVID 19 LEVY and GETFUND levy . ii. Calculate how much he will pay to the warehouse iii. Discuss the differences between taxable supply, exempt supply, relief supply and zero rated supply iv. Distinguish between output VAT and input VAT v. Explain TWO characteristics of VAT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Currency Wars Offense And Defense Through Systemic Thinking

Authors: Jeffrey Yi-Lin Forrest , Yirong Ying , Zaiwu Gong

1st Edition

3319677640,3319677659

More Books

Students also viewed these Finance questions