Filing Deadlines – NBC Institute

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 – Nov 2021 – L2 – Q5 – Companies Income Tax (CIT)

Explanation of documents required for tax registration, time lag for filing tax returns, and penalties for late filing of returns.

Question

QUESTION 5
The Companies Income Tax Act Cap C21 LFN 2004 (as amended) empowers the
Federal Inland Revenue Service to assess the income of corporate organisations.
Corporate organisations are required to file tax returns within a specified period of
time to the relevant tax authority.
Required:
a. Explain the documents/information required to be forwarded to the relevant tax
authority when registering with the nearest integrated tax office. (5 Marks)
b. State the time lag for filing the first set of returns and subsequent ones.
(5 Marks)
c. State the penalty for late filing of tax returns on the due dates. (5 Marks)
(Total 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax Returns, Filing Deadlines, Penalties, Tax Documents
Level: Level 2

Topic: Companies Income Tax (CIT)
Series: NOV 2021

TX – May 2019 – L3 – Q4A – Tax administration in Ghana

Discuss the circumstances under which the Commissioner-General can require early filing of tax returns and the powers available when taxpayers fail to file on time.

Question

i) Under what circumstances would the Commissioner-General of Ghana Revenue Authority, by notice, require a person to file a tax return before the due date for filing of tax returns? (4 marks)

ii) What are the powers of the Commissioner-General if a taxpayer fails to file tax return on time? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commissioner-General, Filing Deadlines, Ghana Revenue Authority, Tax Compliance, Tax Returns
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

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 – Nov 2021 – L2 – Q5 – Companies Income Tax (CIT)

Explanation of documents required for tax registration, time lag for filing tax returns, and penalties for late filing of returns.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax Returns, Filing Deadlines, Penalties, Tax Documents
Level: Level 2

Topic: Companies Income Tax (CIT)
Series: NOV 2021

TX – May 2019 – L3 – Q4A – Tax administration in Ghana

Discuss the circumstances under which the Commissioner-General can require early filing of tax returns and the powers available when taxpayers fail to file on time.

Question

i) Under what circumstances would the Commissioner-General of Ghana Revenue Authority, by notice, require a person to file a tax return before the due date for filing of tax returns? (4 marks)

ii) What are the powers of the Commissioner-General if a taxpayer fails to file tax return on time? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commissioner-General, Filing Deadlines, Ghana Revenue Authority, Tax Compliance, Tax Returns
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

Question Tag: Filing Deadlines

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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 – Nov 2021 – L2 – Q5 – Companies Income Tax (CIT)

Explanation of documents required for tax registration, time lag for filing tax returns, and penalties for late filing of returns.

TX – May 2019 – L3 – Q4A – Tax administration in Ghana

Discuss the circumstances under which the Commissioner-General can require early filing of tax returns and the powers available when taxpayers fail to file on time.

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 – Nov 2021 – L2 – Q5 – Companies Income Tax (CIT)

Explanation of documents required for tax registration, time lag for filing tax returns, and penalties for late filing of returns.

TX – May 2019 – L3 – Q4A – Tax administration in Ghana

Discuss the circumstances under which the Commissioner-General can require early filing of tax returns and the powers available when taxpayers fail to file on time.

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Question Tag: Filing Deadlines

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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 – Nov 2021 – L2 – Q5 – Companies Income Tax (CIT)

Explanation of documents required for tax registration, time lag for filing tax returns, and penalties for late filing of returns.

You're reporting an error for "TAX – Nov 2021 – L2 – Q5 – Companies Income Tax (CIT)"

TX – May 2019 – L3 – Q4A – Tax administration in Ghana

Discuss the circumstances under which the Commissioner-General can require early filing of tax returns and the powers available when taxpayers fail to file on time.

You're reporting an error for "TX – May 2019 – L3 – Q4A – 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.

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

TAX – Nov 2021 – L2 – Q5 – Companies Income Tax (CIT)

Explanation of documents required for tax registration, time lag for filing tax returns, and penalties for late filing of returns.

You're reporting an error for "TAX – Nov 2021 – L2 – Q5 – Companies Income Tax (CIT)"

TX – May 2019 – L3 – Q4A – Tax administration in Ghana

Discuss the circumstances under which the Commissioner-General can require early filing of tax returns and the powers available when taxpayers fail to file on time.

You're reporting an error for "TX – May 2019 – L3 – Q4A – Tax administration in Ghana"

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