Tax Policy – Knowsia

AT – Nov 2024 – L3 – Q2c – Extension of Time and Early Filing of Tax Returns

Explain the conditions for tax return extension and early filing requirements.

Question

Akosua Sokode has set up a small business to sell cosmetics in Accra. She just called you, an associate member of the Institute of Chartered Accountants Ghana, to seek your advice on tax returns and payment of taxes. Akosua Sokode told you that she cannot meet her tax payment deadlines and cannot file tax returns by the due dates. She also confided in you that maintenance of documents is a big problem for her.

Required:

Address the concerns of Akosua Sokode by briefing her on the following:

i) THREE factors regarding the extension of time for filing tax returns.

ii) TWO circumstances under which the Commissioner-General may request for filing of tax returns before the due date.

Answer

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Tags: Commissioner-General, Compliance, Filing Deadlines, Revenue Administration Act, Tax Policy, Tax Returns
Level: Level 3

Topic: Tax administration in Ghana
Series: Nov 2024

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

Question

The tax system in Nigeria has been reviewed in recent times with a view to ensuring ease of doing business in Nigeria, among other things. With the enactments of Finance Acts 2019 and 2020, many enabling Acts were amended.

The tax system usually involves a tripartite aspect, namely, the tax policy, tax law, and tax administration.

Required:
a. Explain tax policy. (5 Marks)
b. State notable tax legislations. (5 Marks)
c. State the bodies charged with the administration of taxes in Nigeria. (5 Marks)

Answer

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Tags: Tax Administration, Tax Laws, Tax Policy, Tax System
Level: Level 2

Topic: The Nigerian Tax System
Series: MAY 2022

TAX – May 2021 – L1 – SA – Q5 – Tax Administration and Enforcement

Multiple-choice question on cooperation in implementing the National Tax Policy.

Question

In the development and implementation of the National tax policy, the Federal Ministry of Finance, has a pivotal role to play and shall take appropriate steps to ensure that it receives cooperation from the following, EXCEPT
A. The President and the Governors
B. Legislature
C. Ministry of Finance
D. Ministries, departments, and agencies (MDAs)
E. A local government Chairman

Answer

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Tags: Cooperation, Federal Ministry of Finance, Local Government, National Tax Policy, Tax Policy
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

PSAF – Nov 2016 – L2 – Q5c – Public sector fiscal planning and budgeting

Explain tax policy and tax planning in the context of tax administration in Ghana.

Question

Explain the following terms used in tax administration in Ghana:
i) Tax Policy
ii) Tax Planning
(4 marks)

Answer

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Tags: ICAG, Professional Level 2, Tax Planning, Tax Policy
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2016

AT – Nov 2024 – L3 – Q2c – Extension of Time and Early Filing of Tax Returns

Explain the conditions for tax return extension and early filing requirements.

Question

Required:

Address the concerns of Akosua Sokode by briefing her on the following:

i) THREE factors regarding the extension of time for filing tax returns.

ii) TWO circumstances under which the Commissioner-General may request for filing of tax returns before the due date.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commissioner-General, Compliance, Filing Deadlines, Revenue Administration Act, Tax Policy, Tax Returns
Level: Level 3

Topic: Tax administration in Ghana
Series: Nov 2024

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

Question

The tax system usually involves a tripartite aspect, namely, the tax policy, tax law, and tax administration.

Required:
a. Explain tax policy. (5 Marks)
b. State notable tax legislations. (5 Marks)
c. State the bodies charged with the administration of taxes in Nigeria. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax Administration, Tax Laws, Tax Policy, Tax System
Level: Level 2

Topic: The Nigerian Tax System
Series: MAY 2022

TAX – May 2021 – L1 – SA – Q5 – Tax Administration and Enforcement

Multiple-choice question on cooperation in implementing the National Tax Policy.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cooperation, Federal Ministry of Finance, Local Government, National Tax Policy, Tax Policy
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

PSAF – Nov 2016 – L2 – Q5c – Public sector fiscal planning and budgeting

Explain tax policy and tax planning in the context of tax administration in Ghana.

Question

Explain the following terms used in tax administration in Ghana:
i) Tax Policy
ii) Tax Planning
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ICAG, Professional Level 2, Tax Planning, Tax Policy
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2016

Question Tag: Tax Policy

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AT – Nov 2024 – L3 – Q2c – Extension of Time and Early Filing of Tax Returns

Explain the conditions for tax return extension and early filing requirements.

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

TAX – May 2021 – L1 – SA – Q5 – Tax Administration and Enforcement

Multiple-choice question on cooperation in implementing the National Tax Policy.

PSAF – Nov 2016 – L2 – Q5c – Public sector fiscal planning and budgeting

Explain tax policy and tax planning in the context of tax administration in Ghana.

AT – Nov 2024 – L3 – Q2c – Extension of Time and Early Filing of Tax Returns

Explain the conditions for tax return extension and early filing requirements.

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

TAX – May 2021 – L1 – SA – Q5 – Tax Administration and Enforcement

Multiple-choice question on cooperation in implementing the National Tax Policy.

PSAF – Nov 2016 – L2 – Q5c – Public sector fiscal planning and budgeting

Explain tax policy and tax planning in the context of tax administration in Ghana.

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Question Tag: Tax Policy

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AT – Nov 2024 – L3 – Q2c – Extension of Time and Early Filing of Tax Returns

Explain the conditions for tax return extension and early filing requirements.

You're reporting an error for "AT – Nov 2024 – L3 – Q2c – Extension of Time and Early Filing of Tax Returns"

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

You're reporting an error for "TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System"

TAX – May 2021 – L1 – SA – Q5 – Tax Administration and Enforcement

Multiple-choice question on cooperation in implementing the National Tax Policy.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q5 – Tax Administration and Enforcement"

PSAF – Nov 2016 – L2 – Q5c – Public sector fiscal planning and budgeting

Explain tax policy and tax planning in the context of tax administration in Ghana.

You're reporting an error for "PSAF – Nov 2016 – L2 – Q5c – Public sector fiscal planning and budgeting"

AT – Nov 2024 – L3 – Q2c – Extension of Time and Early Filing of Tax Returns

Explain the conditions for tax return extension and early filing requirements.

You're reporting an error for "AT – Nov 2024 – L3 – Q2c – Extension of Time and Early Filing of Tax Returns"

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

You're reporting an error for "TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System"

TAX – May 2021 – L1 – SA – Q5 – Tax Administration and Enforcement

Multiple-choice question on cooperation in implementing the National Tax Policy.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q5 – Tax Administration and Enforcement"

PSAF – Nov 2016 – L2 – Q5c – Public sector fiscal planning and budgeting

Explain tax policy and tax planning in the context of tax administration in Ghana.

You're reporting an error for "PSAF – Nov 2016 – L2 – Q5c – Public sector fiscal planning and budgeting"

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