Domestic expenditure – NBC Institute

PT – Nov2019 – L2 – Q4b – Income Tax Liabilities

This question asks to identify items that constitute domestic and excluded expenditures for tax purposes.

Question

b) ‘No deductions are allowed for domestic or excluded expenditure incurred by a person in the computation of assessable income.’

Required:
i) Identify FOUR (4) items that constitute domestic expenditure. (4 marks)
ii) Identify FOUR (4) items that constitute excluded expenditure. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Allowable Deductions, Domestic expenditure, Excluded Expenditure, Non-Allowable Deductions
Level: Level 2

Topic: Corporate Tax Liabilities
Series: NOV 2019

PT – Aug 2022 – L2 – Q4b – Corporate Tax Liabilities

Explain what constitutes domestic and excluded expenditure under the Income Tax Act, 2015 (Act 896)

Question

According to Act 896, the Commissioner-General shall not allow a deduction in respect of domestic expenditure and excluded expenditure incurred by a person.
Required:
Explain what constitutes domestic expenditure and excluded expenditure in line with the provisions in the Income Tax Act, 2015 (Act 896). (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Domestic expenditure, Excluded Expenditure, Income Tax Act, Tax deduction
Level: Level 2

Topic: Corporate Tax Liabilities
Series: AUG 2022

TX – May 2019 – L3 – Q2C – Capital Allowance

Discuss the concepts of domestic and excluded expenditure according to the Income Tax Act 2015 (Act 896) and their implications on tax deductions.

Question

i) What constitutes domestic expenditure? (2 marks)
ii) What constitutes excluded expenditure? (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deductibility, Domestic expenditure, Excluded Expenditure, Income Tax Act 2015 (Act 896), Tax deduction
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

AT – Dec 2023 – L3 – Q3c – Tax administration in Ghana

Explaining what constitutes domestic expenditure and the conditions under which such expenditure becomes allowable for tax purposes.

Question

Expenditures that are considered domestic in character may be converted or treated as allowable deductions under certain conditions in line with Section 130 of the Income Tax Act, 2015 (Act 896).

Required:
What constitutes domestic expenditure, and how does such expenditure become allowable for tax purposes?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Allowable expenses, Domestic expenditure, Tax deductions
Level: Level 3

Topic: Tax administration in Ghana
Series: DEC 2023

PT – Nov2019 – L2 – Q4b – Income Tax Liabilities

This question asks to identify items that constitute domestic and excluded expenditures for tax purposes.

Question

b) ‘No deductions are allowed for domestic or excluded expenditure incurred by a person in the computation of assessable income.’

Required:
i) Identify FOUR (4) items that constitute domestic expenditure. (4 marks)
ii) Identify FOUR (4) items that constitute excluded expenditure. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Allowable Deductions, Domestic expenditure, Excluded Expenditure, Non-Allowable Deductions
Level: Level 2

Topic: Corporate Tax Liabilities
Series: NOV 2019

PT – Aug 2022 – L2 – Q4b – Corporate Tax Liabilities

Explain what constitutes domestic and excluded expenditure under the Income Tax Act, 2015 (Act 896)

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Domestic expenditure, Excluded Expenditure, Income Tax Act, Tax deduction
Level: Level 2

Topic: Corporate Tax Liabilities
Series: AUG 2022

TX – May 2019 – L3 – Q2C – Capital Allowance

Discuss the concepts of domestic and excluded expenditure according to the Income Tax Act 2015 (Act 896) and their implications on tax deductions.

Question

i) What constitutes domestic expenditure? (2 marks)
ii) What constitutes excluded expenditure? (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deductibility, Domestic expenditure, Excluded Expenditure, Income Tax Act 2015 (Act 896), Tax deduction
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

AT – Dec 2023 – L3 – Q3c – Tax administration in Ghana

Explaining what constitutes domestic expenditure and the conditions under which such expenditure becomes allowable for tax purposes.

Question

Expenditures that are considered domestic in character may be converted or treated as allowable deductions under certain conditions in line with Section 130 of the Income Tax Act, 2015 (Act 896).

Required:
What constitutes domestic expenditure, and how does such expenditure become allowable for tax purposes?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Allowable expenses, Domestic expenditure, Tax deductions
Level: Level 3

Topic: Tax administration in Ghana
Series: DEC 2023

Question Tag: Domestic expenditure

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PT – Nov2019 – L2 – Q4b – Income Tax Liabilities

This question asks to identify items that constitute domestic and excluded expenditures for tax purposes.

PT – Aug 2022 – L2 – Q4b – Corporate Tax Liabilities

Explain what constitutes domestic and excluded expenditure under the Income Tax Act, 2015 (Act 896)

TX – May 2019 – L3 – Q2C – Capital Allowance

Discuss the concepts of domestic and excluded expenditure according to the Income Tax Act 2015 (Act 896) and their implications on tax deductions.

AT – Dec 2023 – L3 – Q3c – Tax administration in Ghana

Explaining what constitutes domestic expenditure and the conditions under which such expenditure becomes allowable for tax purposes.

PT – Nov2019 – L2 – Q4b – Income Tax Liabilities

This question asks to identify items that constitute domestic and excluded expenditures for tax purposes.

PT – Aug 2022 – L2 – Q4b – Corporate Tax Liabilities

Explain what constitutes domestic and excluded expenditure under the Income Tax Act, 2015 (Act 896)

TX – May 2019 – L3 – Q2C – Capital Allowance

Discuss the concepts of domestic and excluded expenditure according to the Income Tax Act 2015 (Act 896) and their implications on tax deductions.

AT – Dec 2023 – L3 – Q3c – Tax administration in Ghana

Explaining what constitutes domestic expenditure and the conditions under which such expenditure becomes allowable for tax purposes.

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Question Tag: Domestic expenditure

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PT – Nov2019 – L2 – Q4b – Income Tax Liabilities

This question asks to identify items that constitute domestic and excluded expenditures for tax purposes.

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PT – Aug 2022 – L2 – Q4b – Corporate Tax Liabilities

Explain what constitutes domestic and excluded expenditure under the Income Tax Act, 2015 (Act 896)

You're reporting an error for "PT – Aug 2022 – L2 – Q4b – Corporate Tax Liabilities"

TX – May 2019 – L3 – Q2C – Capital Allowance

Discuss the concepts of domestic and excluded expenditure according to the Income Tax Act 2015 (Act 896) and their implications on tax deductions.

You're reporting an error for "TX – May 2019 – L3 – Q2C – Capital Allowance"

AT – Dec 2023 – L3 – Q3c – Tax administration in Ghana

Explaining what constitutes domestic expenditure and the conditions under which such expenditure becomes allowable for tax purposes.

You're reporting an error for "AT – Dec 2023 – L3 – Q3c – Tax administration in Ghana"

PT – Nov2019 – L2 – Q4b – Income Tax Liabilities

This question asks to identify items that constitute domestic and excluded expenditures for tax purposes.

You're reporting an error for "PT – Nov2019 – L2 – Q4b – Income Tax Liabilities"

PT – Aug 2022 – L2 – Q4b – Corporate Tax Liabilities

Explain what constitutes domestic and excluded expenditure under the Income Tax Act, 2015 (Act 896)

You're reporting an error for "PT – Aug 2022 – L2 – Q4b – Corporate Tax Liabilities"

TX – May 2019 – L3 – Q2C – Capital Allowance

Discuss the concepts of domestic and excluded expenditure according to the Income Tax Act 2015 (Act 896) and their implications on tax deductions.

You're reporting an error for "TX – May 2019 – L3 – Q2C – Capital Allowance"

AT – Dec 2023 – L3 – Q3c – Tax administration in Ghana

Explaining what constitutes domestic expenditure and the conditions under which such expenditure becomes allowable for tax purposes.

You're reporting an error for "AT – Dec 2023 – L3 – Q3c – Tax administration in Ghana"

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