tax optimization

AT – Nov 2021 – L3 – Q4 – Business income – Corporate income tax | Minerals and mining

Compute the chargeable income and tax payable for Akwatia Gold Mines for 2020 and identify tax optimization opportunities.

Question

Akwatia Gold Mines was established ten years ago. For the year ended 31 December 2020, the following income statement was prepared and submitted to the Ghana Revenue Authority as part of its financial statement.

Akwatia Gold Mines
Income Statement for the Year Ended 31/12/2020

The capital allowance agreed for the period was GH¢24,320,500.

Required:
a) Compute the chargeable income of the company and the tax payable. (15 marks)

b) Advise Akwatia Gold Mines on how to identify opportunities within the tax laws to optimise tax payable for the year ended 31 December 2020. (5 marks)

Answer

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Tags: Business income, chargeable income, Corporate Tax, Financial Statement, Minerals and mining, Tax computation, tax optimization
Level: Level 3

Topic: Business income - Corporate income tax, Minerals and mining
Series: NOV 2021

MA – Nov 2018 – L2 – Q1c – Transfer pricing

Discuss the objectives of transfer pricing within multinational companies, focusing on goal congruence and tax optimization.

Question

Intra-group trading within multinationals is trending and is a very important part of business today. This intra-group trade is aimed at promoting global trade competitiveness. Within this competitive environment, companies within the group usually trade with each other and therefore may be required to set fair and arm’s length prices for goods and services. Such prices may give benefits other than the mere value for goods and services.

Required:
Identify and explain THREE (3) objectives of transfer pricing. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Goal Congruence, multinational companies, tax optimization, Transfer Pricing
Level: Level 2

Topic: Transfer Pricing
Series: NOV 2018

AT – Nov 2021 – L3 – Q4 – Business income – Corporate income tax | Minerals and mining

Compute the chargeable income and tax payable for Akwatia Gold Mines for 2020 and identify tax optimization opportunities.

Question

Akwatia Gold Mines
Income Statement for the Year Ended 31/12/2020

The capital allowance agreed for the period was GH¢24,320,500.

Required:
a) Compute the chargeable income of the company and the tax payable. (15 marks)

b) Advise Akwatia Gold Mines on how to identify opportunities within the tax laws to optimise tax payable for the year ended 31 December 2020. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business income, chargeable income, Corporate Tax, Financial Statement, Minerals and mining, Tax computation, tax optimization
Level: Level 3

Topic: Business income - Corporate income tax, Minerals and mining
Series: NOV 2021

MA – Nov 2018 – L2 – Q1c – Transfer pricing

Discuss the objectives of transfer pricing within multinational companies, focusing on goal congruence and tax optimization.

Question

Required:
Identify and explain THREE (3) objectives of transfer pricing. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Goal Congruence, multinational companies, tax optimization, Transfer Pricing
Level: Level 2

Topic: Transfer Pricing
Series: NOV 2018

Question Tag: tax optimization

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AT – Nov 2021 – L3 – Q4 – Business income – Corporate income tax | Minerals and mining

Compute the chargeable income and tax payable for Akwatia Gold Mines for 2020 and identify tax optimization opportunities.

MA – Nov 2018 – L2 – Q1c – Transfer pricing

Discuss the objectives of transfer pricing within multinational companies, focusing on goal congruence and tax optimization.

AT – Nov 2021 – L3 – Q4 – Business income – Corporate income tax | Minerals and mining

Compute the chargeable income and tax payable for Akwatia Gold Mines for 2020 and identify tax optimization opportunities.

MA – Nov 2018 – L2 – Q1c – Transfer pricing

Discuss the objectives of transfer pricing within multinational companies, focusing on goal congruence and tax optimization.

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Question Tag: tax optimization

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AT – Nov 2021 – L3 – Q4 – Business income – Corporate income tax | Minerals and mining

Compute the chargeable income and tax payable for Akwatia Gold Mines for 2020 and identify tax optimization opportunities.

You're reporting an error for "AT – Nov 2021 – L3 – Q4 – Business income – Corporate income tax | Minerals and mining"

MA – Nov 2018 – L2 – Q1c – Transfer pricing

Discuss the objectives of transfer pricing within multinational companies, focusing on goal congruence and tax optimization.

You're reporting an error for "MA – Nov 2018 – L2 – Q1c – Transfer pricing"

AT – Nov 2021 – L3 – Q4 – Business income – Corporate income tax | Minerals and mining

Compute the chargeable income and tax payable for Akwatia Gold Mines for 2020 and identify tax optimization opportunities.

You're reporting an error for "AT – Nov 2021 – L3 – Q4 – Business income – Corporate income tax | Minerals and mining"

MA – Nov 2018 – L2 – Q1c – Transfer pricing

Discuss the objectives of transfer pricing within multinational companies, focusing on goal congruence and tax optimization.

You're reporting an error for "MA – Nov 2018 – L2 – Q1c – Transfer pricing"

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