FEBRUARY 2021 – Knowsia

STP – Feb 2021 – L2 – Q5 – Non-tax Factors for Investment Location

State and explain three non-tax factors influencing the choice of investment location.

Question

a) State and explain three (3) non-tax factors which may inform the choice of a particular location for an investment.

b) Discuss three (3) tax incentives available to investors who register under the Free Zone Act, 1995 (Act 504).

Answer

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Tags: Business Decisions, Investment location, Non-Tax Factors, Tax Planning
Level: Level 2

Topic: Foundations of Strategic Tax Planning
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

Question

State and explain three (3) anti-avoidance provisions found in the Income Tax laws of Ghana and how these provisions place a limitation on the tax planning opportunities available to taxpayers.

Answer

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Tags: Anti-Avoidance, Arm's Length, Income Splitting, Income Tax, Tax Planning, Thin Capitalization
Level: Level 2

Topic: Taxation and Operating Strategies in Business
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q3 – Taxation of Capital Transactions

Advise Tremor Ghana Ltd on tax implications of asset disposals and tax planning opportunities.

Question

Tremor Ghana Ltd is a trading company with its registered office located at North Legon. The basis period of the company ends on $31^{\text {st }}$ December of every year. In August 2018, the company acquired the following assets.

ASSET	COST (GHc)
Computers	$50,000.00$
Motor Vehicles	$150,000.00$
Land	$350,000.00$

In November 2019, the company disposed of the assets for the following amounts:

ASSET	COST (GHc)
Computers	$70,000.00$
Motor Vehicles	$160,000.00$
Land	$450,000.00$

In January 2020, the company acquired a new office building at the cost of GHc600,000.

Required: (i) Advise the company on the income tax implications of the realization of the assets in November 2019. 20 marks (ii) Identify the tax planning opportunities the company could have employed to mitigate its tax exposure on the realization of the assets.

Answer

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Topic: Taxation of Capital Transactions
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q2 – Tax Strategies for New Business Formation

Discuss how the choice of business organization (company, partnership, sole proprietorship) impacts tax exposure, with relevant tax authorities.

Question

It is often said that an investor’s choice of the form of business organisation, has an impact on the tax exposure of the investment.

Required: With the aid of appropriate authorities, discuss the accuracy or otherwise of the above statement.

Answer

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Tags: Business organization, Company Taxation, Ghana tax law, Income Allocation, Partnership Taxation, Sole Proprietorship, Tax Exposure, Tax Rates
Level: Level 2

Topic: Tax Strategies for Business Growth and Expansion
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q1 – Strategic Tax Planning

Advise on tax implications of AIG acquiring 55% stake in Fluid Logistics Ghana and providing a GH₵6.5M loan, plus tax planning options.

Question

The President of America Is Great (AIG) Group, a US Corporation, is exploring the possibility of acquiring a fifty-five percent stake in Fluid Logistics Ghana Limited. The stated capital of Fluid Logistics Ghana Limited is GH₵1,500,000. AIG Corporation intends providing a loan of GH₵6,500,000 to Fluid Logistics Ghana Limited when the transaction for the acquisition of the fifty-five percent stake is completed. The President of AIG Corporation is seeking your advice on the tax implications of the proposed transactions.

Required: Advise the President on: i. The income tax implications of the acquisition of a fifty-five percent stake in Fluid Logistics Ghana Limited. 9 marks ii. The income tax implications of providing the loan of GH₵6,500,000. 9 marks iii. The tax planning options available to minimize the tax effects of the proposed transactions.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acquisition, Arm's Length, Corporate Tax, Debt-to-Equity Ratio, Ghana tax law, Income Tax, Loan, Tax implications, Tax Planning, Thin Capitalization
Level: Level 2

Topic: Tax Strategies for Business Growth and Expansion, Taxation of Capital Transactions
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q5 – Non-tax Factors for Investment Location

State and explain three non-tax factors influencing the choice of investment location.

Question

a) State and explain three (3) non-tax factors which may inform the choice of a particular location for an investment.

b) Discuss three (3) tax incentives available to investors who register under the Free Zone Act, 1995 (Act 504).

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Decisions, Investment location, Non-Tax Factors, Tax Planning
Level: Level 2

Topic: Foundations of Strategic Tax Planning
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

Question

State and explain three (3) anti-avoidance provisions found in the Income Tax laws of Ghana and how these provisions place a limitation on the tax planning opportunities available to taxpayers.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Avoidance, Arm's Length, Income Splitting, Income Tax, Tax Planning, Thin Capitalization
Level: Level 2

Topic: Taxation and Operating Strategies in Business
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q3 – Taxation of Capital Transactions

Advise Tremor Ghana Ltd on tax implications of asset disposals and tax planning opportunities.

Question

ASSET	COST (GHc)
Computers	$50,000.00$
Motor Vehicles	$150,000.00$
Land	$350,000.00$

In November 2019, the company disposed of the assets for the following amounts:

ASSET	COST (GHc)
Computers	$70,000.00$
Motor Vehicles	$160,000.00$
Land	$450,000.00$

In January 2020, the company acquired a new office building at the cost of GHc600,000.

Answer

Find Related Questions by Tags, levels, etc.

Topic: Taxation of Capital Transactions
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q2 – Tax Strategies for New Business Formation

Discuss how the choice of business organization (company, partnership, sole proprietorship) impacts tax exposure, with relevant tax authorities.

Question

It is often said that an investor’s choice of the form of business organisation, has an impact on the tax exposure of the investment.

Required: With the aid of appropriate authorities, discuss the accuracy or otherwise of the above statement.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business organization, Company Taxation, Ghana tax law, Income Allocation, Partnership Taxation, Sole Proprietorship, Tax Exposure, Tax Rates
Level: Level 2

Topic: Tax Strategies for Business Growth and Expansion
Series: FEBRUARY 2021

STP – Feb 2021 – L2 – Q1 – Strategic Tax Planning

Advise on tax implications of AIG acquiring 55% stake in Fluid Logistics Ghana and providing a GH₵6.5M loan, plus tax planning options.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acquisition, Arm's Length, Corporate Tax, Debt-to-Equity Ratio, Ghana tax law, Income Tax, Loan, Tax implications, Tax Planning, Thin Capitalization
Level: Level 2

Topic: Tax Strategies for Business Growth and Expansion, Taxation of Capital Transactions
Series: FEBRUARY 2021

Series: FEBRUARY 2021

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STP – Feb 2021 – L2 – Q5 – Non-tax Factors for Investment Location

State and explain three non-tax factors influencing the choice of investment location.

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

STP – Feb 2021 – L2 – Q3 – Taxation of Capital Transactions

Advise Tremor Ghana Ltd on tax implications of asset disposals and tax planning opportunities.

STP – Feb 2021 – L2 – Q2 – Tax Strategies for New Business Formation

Discuss how the choice of business organization (company, partnership, sole proprietorship) impacts tax exposure, with relevant tax authorities.

STP – Feb 2021 – L2 – Q1 – Strategic Tax Planning

Advise on tax implications of AIG acquiring 55% stake in Fluid Logistics Ghana and providing a GH₵6.5M loan, plus tax planning options.

STP – Feb 2021 – L2 – Q5 – Non-tax Factors for Investment Location

State and explain three non-tax factors influencing the choice of investment location.

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

STP – Feb 2021 – L2 – Q3 – Taxation of Capital Transactions

Advise Tremor Ghana Ltd on tax implications of asset disposals and tax planning opportunities.

STP – Feb 2021 – L2 – Q2 – Tax Strategies for New Business Formation

Discuss how the choice of business organization (company, partnership, sole proprietorship) impacts tax exposure, with relevant tax authorities.

STP – Feb 2021 – L2 – Q1 – Strategic Tax Planning

Advise on tax implications of AIG acquiring 55% stake in Fluid Logistics Ghana and providing a GH₵6.5M loan, plus tax planning options.

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STP – Feb 2021 – L2 – Q5 – Non-tax Factors for Investment Location

State and explain three non-tax factors influencing the choice of investment location.

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STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

You're reporting an error for "STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies"

STP – Feb 2021 – L2 – Q3 – Taxation of Capital Transactions

Advise Tremor Ghana Ltd on tax implications of asset disposals and tax planning opportunities.

You're reporting an error for "STP – Feb 2021 – L2 – Q3 – Taxation of Capital Transactions"

STP – Feb 2021 – L2 – Q2 – Tax Strategies for New Business Formation

Discuss how the choice of business organization (company, partnership, sole proprietorship) impacts tax exposure, with relevant tax authorities.

You're reporting an error for "STP – Feb 2021 – L2 – Q2 – Tax Strategies for New Business Formation"

STP – Feb 2021 – L2 – Q1 – Strategic Tax Planning

Advise on tax implications of AIG acquiring 55% stake in Fluid Logistics Ghana and providing a GH₵6.5M loan, plus tax planning options.

You're reporting an error for "STP – Feb 2021 – L2 – Q1 – Strategic Tax Planning"

STP – Feb 2021 – L2 – Q5 – Non-tax Factors for Investment Location

State and explain three non-tax factors influencing the choice of investment location.

You're reporting an error for "STP – Feb 2021 – L2 – Q5 – Non-tax Factors for Investment Location"

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

You're reporting an error for "STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies"

STP – Feb 2021 – L2 – Q3 – Taxation of Capital Transactions

Advise Tremor Ghana Ltd on tax implications of asset disposals and tax planning opportunities.

You're reporting an error for "STP – Feb 2021 – L2 – Q3 – Taxation of Capital Transactions"

STP – Feb 2021 – L2 – Q2 – Tax Strategies for New Business Formation

Discuss how the choice of business organization (company, partnership, sole proprietorship) impacts tax exposure, with relevant tax authorities.

You're reporting an error for "STP – Feb 2021 – L2 – Q2 – Tax Strategies for New Business Formation"

STP – Feb 2021 – L2 – Q1 – Strategic Tax Planning

Advise on tax implications of AIG acquiring 55% stake in Fluid Logistics Ghana and providing a GH₵6.5M loan, plus tax planning options.

You're reporting an error for "STP – Feb 2021 – L2 – Q1 – Strategic Tax Planning"

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