- 20 Marks
STP – Aug 2012 – L3 – Q3 – Tax Responsibilities
Advise BIC on VAT, corporate, expatriate, and withholding tax responsibilities.
Question
Broadway International Contractors (BIC) won the bid to construct the George Bush highway for five years but was ill advised about the tax responsibilities in respect of the construction work.
The GRA conducted a tax audit on completion of the project and noted several weaknesses in BICs tax compliance requirements.
As Tax Consultant you have been approached by BIC to advise as appropriate on the tax effects of the work. In particular Broadway International Contractors would wish to receive advice on their
a) Basic VAT responsibilities (8 marks)
b) Basic corporate tax responsibilities (8 marks)
c) Expatriate Payroll liability (4 marks)
d) Withholding tax liability on payments receivable from the Ministry of Highways and payment for services? (2 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Corporate Tax, Expatriate Payroll, Tax Compliance, VAT Responsibilities, Withholding Tax
- Level: Level 3
- Topic: Strategic Indirect Tax Management
- Series: AUG 2012
