GRA – NBC Institute

PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Advise Ekumfi Fruit Processing on the conditions required for a VAT refund under the Value Added Tax Act, 2013.

Question

You are a student of taxation at Ebeyeyie Tax Education Institute. You have been contacted for tax advice by Ekumfi Fruit Processing Ghana Ltd. The company produces various kinds of fruit juices for both local and foreign markets. The Finance Director recently learned that the company can apply for VAT refund from the Ghana Revenue Authority (GRA) and has approached you for advice.
Required:
Advise the company on SIX (6) conditions that must be satisfied before the GRA may refund the excess VAT Input Tax to the company under the Value Added Tax Act, 2013 (Act 870), as amended. (9 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: GRA, Input VAT, Tax Administration, Tax Refund Conditions, VAT Refund
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: AUG 2022

TX – May 2019 – L3 – Q1c – Tax Planning

Explain the purpose of taxpayer segmentation by the Ghana Revenue Authority.

Question

As part of efficient tax administration, taxpayers have been segmented into Large Taxpayers, Medium Taxpayers, and Small Taxpayers by the Ghana Revenue Authority. In the view of tax reformers, taxpayer segmentation is the way to go in order to grow revenue.

Required:

What purpose does this segmentation seek to achieve?
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: GRA, Revenue Growth, Tax Administration, Taxpayer Segmentation
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

AT – NOV 2021 – L3 – Q2a – Tax Administration in Ghana

Write to Commissioner-General about activities reserved for Ghanaians and justification for taxing all businesses regardless of ownership.

Question

Ghana Union Traders Association (GUTA) has expressed their dissatisfaction with the government and the Ghana Revenue Authority (GRA) on handling activities of non- Ghanaians who choose to engage in business reserved for only Ghanaians. They have consequently threatened not to honour their tax obligation until their concerns are addressed.

Required:

Write to the Commissioner-General indicating the areas of activities that are preserved for only Ghanaians and why you think the Commissioner-General is right in taxing all businesses irrespective of their ownership except as exempt by law. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: GRA, GUTA, Non-Ghanaian businesses, Reserved Activities, Tax Administration
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2021

PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Advise Ekumfi Fruit Processing on the conditions required for a VAT refund under the Value Added Tax Act, 2013.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: GRA, Input VAT, Tax Administration, Tax Refund Conditions, VAT Refund
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: AUG 2022

TX – May 2019 – L3 – Q1c – Tax Planning

Explain the purpose of taxpayer segmentation by the Ghana Revenue Authority.

Question

Required:

What purpose does this segmentation seek to achieve?
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: GRA, Revenue Growth, Tax Administration, Taxpayer Segmentation
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

AT – NOV 2021 – L3 – Q2a – Tax Administration in Ghana

Write to Commissioner-General about activities reserved for Ghanaians and justification for taxing all businesses regardless of ownership.

Question

Required:

Answer

Find Related Questions by Tags, levels, etc.

Tags: GRA, GUTA, Non-Ghanaian businesses, Reserved Activities, Tax Administration
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2021

Question Tag: GRA

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Advise Ekumfi Fruit Processing on the conditions required for a VAT refund under the Value Added Tax Act, 2013.

TX – May 2019 – L3 – Q1c – Tax Planning

Explain the purpose of taxpayer segmentation by the Ghana Revenue Authority.

AT – NOV 2021 – L3 – Q2a – Tax Administration in Ghana

Write to Commissioner-General about activities reserved for Ghanaians and justification for taxing all businesses regardless of ownership.

PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Advise Ekumfi Fruit Processing on the conditions required for a VAT refund under the Value Added Tax Act, 2013.

TX – May 2019 – L3 – Q1c – Tax Planning

Explain the purpose of taxpayer segmentation by the Ghana Revenue Authority.

AT – NOV 2021 – L3 – Q2a – Tax Administration in Ghana

Write to Commissioner-General about activities reserved for Ghanaians and justification for taxing all businesses regardless of ownership.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: GRA

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Advise Ekumfi Fruit Processing on the conditions required for a VAT refund under the Value Added Tax Act, 2013.

You're reporting an error for "PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

TX – May 2019 – L3 – Q1c – Tax Planning

Explain the purpose of taxpayer segmentation by the Ghana Revenue Authority.

You're reporting an error for "TX – May 2019 – L3 – Q1c – Tax Planning"

AT – NOV 2021 – L3 – Q2a – Tax Administration in Ghana

Write to Commissioner-General about activities reserved for Ghanaians and justification for taxing all businesses regardless of ownership.

You're reporting an error for "AT – NOV 2021 – L3 – Q2a – Tax Administration in Ghana"

PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Advise Ekumfi Fruit Processing on the conditions required for a VAT refund under the Value Added Tax Act, 2013.

You're reporting an error for "PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

TX – May 2019 – L3 – Q1c – Tax Planning

Explain the purpose of taxpayer segmentation by the Ghana Revenue Authority.

You're reporting an error for "TX – May 2019 – L3 – Q1c – Tax Planning"

AT – NOV 2021 – L3 – Q2a – Tax Administration in Ghana

Write to Commissioner-General about activities reserved for Ghanaians and justification for taxing all businesses regardless of ownership.

You're reporting an error for "AT – NOV 2021 – L3 – Q2a – Tax Administration in Ghana"

Our offerings

Contact Info

Customer

Get In Touch

admin