QUESTION SIX Chisi White, a Zambian resident received the following amounts of income in the tax year 2019/20 K Royalties 432,000 648,000 Consultancy fees Interest from ABSA deposit Account 45,000 Dividends from Airtel Ltd 8,200 Total 1,133,200 In all cases, the amounts shown are the actual amounts received by Chisi. Neither Royalties nor Dividends were received from a mining company. Required: 1. How does Agency work in the collection of With-holding Tax? (3 MARKS) 2. Compute the total taxes payable by Chisi White and his Agents for the tax year 2019/20 (12 MARKS) (TOTAL: 15 MARKS) END OF ASSIGNMENT 09:27 P Thursday 29th Oct 202...a6af8c12569c32df1e3 - Read-only A Sign in to edit and save changes to this file. TAX TABLES Table Company Tax Rate 30% Category Mining Farmin Manufacturing 10% 34% Table 2 EXCISE DUTY RATES Rate 15 Motor Vehicle Engine Capacity WV less than 1500 CC WW more than 1500CC but less than 2000CC MV more than 2001CC but less than 3500CC My more than 3501CC but less than 2010 20 25 10 Import VAT 10% Custom 20% Table 3 PAYE RATE INCOME TAX BAND Annual 19,600 04 Above 39,600 - 49,200 Above 19,200 -74.400 Above 74.400 25% 30% 37.5% Table 4 Personal to Holder Vehicles Motor Vehicle Engine Capacity Below 1600CC Between 1500CC and 2800CC Above 2100CC Amount () 18,000 30,000 40.000 11 Table With-holding Tax Rates Category Dividends Residenti 15 III 09:28 P Thursday 29th Oct 202..a6af8c12569c32df1e3 - Read-only A Sign in to edit and save changes to this file. Table 4 Personal to Holder Vehicles Motor Vehicle Engine Capacity Below 1600CC Between 1500CC and 2800CC Above 2100CC Amount 18.000 30.000 ODO Table 5 Withholding Tax Rates 0 Category Rate 11 Dividends Resident 15 Dividends on resident 20 Mining Dividends (LUSE listed 0 Dividends (non-USE listed 15 Interest, Management & Consultancy, Royables 15 10 Exchange rates: US Dollar 1 to ZMK16 III