Business income of NGOs

AT – May 2020 – L3 – Q5d – Business income – Corporate income tax

Determine the tax payable by Kankoka, an NGO, on various income sources including support from benefactors, transport business, and government project disbursement.

Question

Kankoka is registered with the Registrar General Department of Ghana as a Non- Governmental Organisation (NGO) and had income amounting to GH¢30,000,000 in 2018 year of assessment.

A detailed analysis reveals the following composition of the income: Support from Benefactor based in Germany GH¢10,000,000 Transport business GH¢10,000,000 Government afforestation project disbursement GH¢10,000,000

Required: Determine the tax payable if any by Kankoka and comment on your answer and state any relevant assumption.

Answer

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Tags: Business income of NGOs, Charitable organization, NGO Taxation
Level: Level 3

Topic: Business income - Corporate income tax
Series: MAY 2020

Question Tag: Business income of NGOs

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AT – May 2020 – L3 – Q5d – Business income – Corporate income tax

Determine the tax payable by Kankoka, an NGO, on various income sources including support from benefactors, transport business, and government project disbursement.

AT – May 2020 – L3 – Q5d – Business income – Corporate income tax

Determine the tax payable by Kankoka, an NGO, on various income sources including support from benefactors, transport business, and government project disbursement.

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Question Tag: Business income of NGOs

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AT – May 2020 – L3 – Q5d – Business income – Corporate income tax

Determine the tax payable by Kankoka, an NGO, on various income sources including support from benefactors, transport business, and government project disbursement.

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AT – May 2020 – L3 – Q5d – Business income – Corporate income tax

Determine the tax payable by Kankoka, an NGO, on various income sources including support from benefactors, transport business, and government project disbursement.

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