- 21 Marks
STP – Aug 2013 – L2 – Q2 – Taxation of Specialized Business Sectors
Tax obligations for a foreign oil company supplying gas turbine parts and maintenance in Ghana.
Question
Due to the recent oil discovery in Ghana, many oil related companies continue to seek tax advice on doing oil related business in Ghana. As the Tax Partner for XYZ Consult, you receive a note from the Chief of Finance (Tax), Mauuwli Inc. Bubai as follows: “Mauuwli Inc. intends to supply parts of Gas turbines in Ghana. In addition, we shall provide maintenance services on these turbines. This is the business we do in Saudi and will do all the time across nations as the opportunity opens up to us. In view of this, we want to be 100% tax compliant in your country as there is no tax for my company in Saudi. We want to know whether as foreign company ordinarily resident in Dubai, we will be subject to the following taxes:
- Corporate tax (4 Marks)
- Withholding tax(WHT) and at what rate (8 Marks)
- Valued Added Tax(VAT) and National Health Insurance Levy (NHIL) (3 marks)
- Employee taxes” (4 marks)
Required As Tax Partner for XYZ Consult, provide your answer to the Chief of Finance, Mauuwli Inc., as requested for.
Find Related Questions by Tags, levels, etc.
- Tags: Corporate Tax, Employee Taxes, Oil Industry, VAT, Withholding Tax
- Level: Level 2
- Topic: Taxation of Specialized Business Sectors
- Series: AUG 2013
