Free zones – NBC Institute

AT – Mar 2024 – L3 – Q1a – Tax administration in Ghana

Explaining the concept of free zones, their policy rationale, and the benefits for investors.

Question

The free zones enclave offers a fair business environment to all business operators irrespective of nationality, creed, or color. It has attracted both indigenes and foreigners. The benefits from the free zones appear very impressive, hence the numerous applications requesting to be granted free zone status.

Required:
i) Explain the concept of free zones.
(2 marks)

ii) Explain TWO (2) policy rationale for the establishment of the free zone.
(2 marks)

iii) Explain FOUR (4) reasons you would advise an investor to invest in a free zone enterprise.
(8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Free zones, Investment benefits, Policy rationale, Tax Incentives
Level: Level 3

Topic: Tax administration in Ghana
Series: MAR 2024

AT – March 2023 – L3 – Q2d – Tax administration in Ghana

Discuss the tax implications of a free zone entity exceeding its approved local sales quota.

Question

Koliko Ltd established a free zone entity in Ghana and got approval to sell 20% locally and export the rest from the Minister of Trade. Contrary to the approval, Koliko Ltd decided to export 60% and sell 40% of its produce into the local market.

According to the Board Chairman of the company, this was wrong and that the Ghana Revenue Authority would consider the whole arrangement as artificial since the company departed from the approval by the Ministry of Trade.

Required:
What is the tax implication of the above arrangement?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Avoidance, Corporate Tax, Free zones, Local sales
Level: Level 3

Series: MAR 2023

AT – Mar 2024 – L3 – Q1a – Tax administration in Ghana

Explaining the concept of free zones, their policy rationale, and the benefits for investors.

Question

Required:
i) Explain the concept of free zones.
(2 marks)

ii) Explain TWO (2) policy rationale for the establishment of the free zone.
(2 marks)

iii) Explain FOUR (4) reasons you would advise an investor to invest in a free zone enterprise.
(8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Free zones, Investment benefits, Policy rationale, Tax Incentives
Level: Level 3

Topic: Tax administration in Ghana
Series: MAR 2024

AT – March 2023 – L3 – Q2d – Tax administration in Ghana

Discuss the tax implications of a free zone entity exceeding its approved local sales quota.

Question

Required:
What is the tax implication of the above arrangement?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Avoidance, Corporate Tax, Free zones, Local sales
Level: Level 3

Series: MAR 2023

Question Tag: Free zones

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AT – Mar 2024 – L3 – Q1a – Tax administration in Ghana

Explaining the concept of free zones, their policy rationale, and the benefits for investors.

AT – March 2023 – L3 – Q2d – Tax administration in Ghana

Discuss the tax implications of a free zone entity exceeding its approved local sales quota.

AT – Mar 2024 – L3 – Q1a – Tax administration in Ghana

Explaining the concept of free zones, their policy rationale, and the benefits for investors.

AT – March 2023 – L3 – Q2d – Tax administration in Ghana

Discuss the tax implications of a free zone entity exceeding its approved local sales quota.

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AT – Mar 2024 – L3 – Q1a – Tax administration in Ghana

Explaining the concept of free zones, their policy rationale, and the benefits for investors.

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AT – March 2023 – L3 – Q2d – Tax administration in Ghana

Discuss the tax implications of a free zone entity exceeding its approved local sales quota.

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AT – Mar 2024 – L3 – Q1a – Tax administration in Ghana

Explaining the concept of free zones, their policy rationale, and the benefits for investors.

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AT – March 2023 – L3 – Q2d – Tax administration in Ghana

Discuss the tax implications of a free zone entity exceeding its approved local sales quota.

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