NHIL – NBC Institute

PT – July 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Breakdown of VAT and other taxes included in a phone bill using a given total amount.

Question

Kingsly Atakora is a postpaid customer of MTN Ghana Ltd. He received his July 2022 billing from MTN Ghana Ltd amounting to GH¢3,121 inclusive of all taxes and levies. He is worried about the amount charged for his telephone usage for the month and wants to know the tax composition in the charge.

Required:
Compute the amounts of the following taxes included in the bill for July 2022:
i) VAT
ii) National Health Insurance Levy (NHIL)
iii) Ghana Education Trust Fund Levy (GETL)
iv) Covid-19 Levy
v) Communication Service Tax (CST)

Answer

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Tags: Covid-19 Levy, CST, GETFund Levy, NHIL, Tax computation, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: JULY 2023

TF – May 2018 – L3 – Q4d – Business income – Corporate income tax

Calculate taxes for CST, VAT, and NHIL from scratch card sales data.

Question

XYZ Ltd is into mobile telecommunication and manufactures scratch cards among other products for sale. In October 2017, it sold scratch cards amounting to GH¢3,000,000 to the public. XYZ Ltd intends to appoint you as acting assistant accountant pending confirmation after successfully completing your ICAG examinations. As part of the engagement, you are to assist the Company file its returns with the Ghana Revenue Authority.

Required:
Compute the following taxes from the above data to aid the filing.

i) Communication Service Tax (CST)
ii) Value Added Tax (VAT)
iii) National Health Insurance Levy (NHIL)

Answer

Find Related Questions by Tags, levels, etc.

Tags: CST, Mobile Telecommunication, NHIL, Scratch Cards, Tax computation, VAT
Level: Level 3

Topic: Business income - Corporate income tax
Series: MAY 2018

PT – July 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Breakdown of VAT and other taxes included in a phone bill using a given total amount.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Covid-19 Levy, CST, GETFund Levy, NHIL, Tax computation, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: JULY 2023

TF – May 2018 – L3 – Q4d – Business income – Corporate income tax

Calculate taxes for CST, VAT, and NHIL from scratch card sales data.

Question

Required:
Compute the following taxes from the above data to aid the filing.

i) Communication Service Tax (CST)
ii) Value Added Tax (VAT)
iii) National Health Insurance Levy (NHIL)

Answer

Find Related Questions by Tags, levels, etc.

Tags: CST, Mobile Telecommunication, NHIL, Scratch Cards, Tax computation, VAT
Level: Level 3

Topic: Business income - Corporate income tax
Series: MAY 2018

Question Tag: NHIL

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PT – July 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Breakdown of VAT and other taxes included in a phone bill using a given total amount.

TF – May 2018 – L3 – Q4d – Business income – Corporate income tax

Calculate taxes for CST, VAT, and NHIL from scratch card sales data.

PT – July 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Breakdown of VAT and other taxes included in a phone bill using a given total amount.

TF – May 2018 – L3 – Q4d – Business income – Corporate income tax

Calculate taxes for CST, VAT, and NHIL from scratch card sales data.

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PT – July 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Breakdown of VAT and other taxes included in a phone bill using a given total amount.

You're reporting an error for "PT – July 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

TF – May 2018 – L3 – Q4d – Business income – Corporate income tax

Calculate taxes for CST, VAT, and NHIL from scratch card sales data.

You're reporting an error for "TF – May 2018 – L3 – Q4d – Business income – Corporate income tax"

PT – July 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Breakdown of VAT and other taxes included in a phone bill using a given total amount.

You're reporting an error for "PT – July 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

TF – May 2018 – L3 – Q4d – Business income – Corporate income tax

Calculate taxes for CST, VAT, and NHIL from scratch card sales data.

You're reporting an error for "TF – May 2018 – L3 – Q4d – Business income – Corporate income tax"

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