- 3 Marks
TXF – May 2020 – L2 – Q2b – Value-Added Tax (VAT)
This question asks for the computation of VAT withholding taxes for goods invoiced to a VAT Withholding Agent.
Question
Mutumna Ltd is a manufacturer and invoiced goods valued at GH¢20,000,000 to Lamlam Ltd, a resident company located in the Western Region of Ghana. Lamlam Ltd has been appointed as a Value Added Tax Withholding Agent.
Required:
Compute the VAT withholding taxes.
(3 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Tax Agents, Tax Compliance, VAT, Withholding Taxes
- Level: Level 2
- Topic: Value-Added Tax (VAT)
- Series: MAY 2020
