Tax Filing – NBC Institute

PT – Nov 2023 – L2 – Q1a – Tax Administration

Outline the procedures for obtaining an extension for filing corporate tax returns.

Question

The Managing Director of Atadeka Ltd has been informed that you are undertaking a course in taxation at the Institute of Chartered Accountants, Ghana and has sought your advice on the procedures for extension of time to file the company’s Corporate Tax Returns.

Required:
Outline the procedures for extension of time to file tax returns to the Managing Director.

Answer

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Tags: Corporate Tax Returns, Tax Administration, Tax Filing
Level: Level 2

Topic: Tax Administration
Series: NOV 2023

PT – Nov 2023 – L2 – Q1d – Income Tax Liabilities

Outline the sanctions imposed for failure to file tax returns.

Question

Tax administration encompasses assessment, collection, and enforcement of taxes legally due to the state. The enforcement of tax obligations requires an imposition of penalties and interest charges for non-compliance.

Required:
State the sanctions for failing to file tax returns.

Answer

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Tags: Non-compliance, Penalties, Tax Administration, Tax Filing
Level: Level 2

Topic: Tax Administration
Series: NOV 2023

PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

Question

When a gift is received by an individual, and that gift is not in respect of business and employment, the taxpayer shall within 21 days of receiving the gift submit to the GRA in writing a return containing certain information.

Required:
In reference to the above statement, state FOUR (4) details the taxpayer must provide when filing a return for a gift.

Answer

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Tags: Gift tax, Tax Filing, Taxpayer Responsibilities
Level: Level 2

Topic: Income Tax Liabilities
Series: JULY 2023

PT – Nov 2020 – L2 – Q1e – Tax Administration

Explains steps to file tax returns for a sole proprietor and reasons for an adjusted assessment by the Commissioner-General.

Question

Paa Tee is a sole proprietor and has not filed his tax returns for 2018 year of assessment as at April 1, 2019. He has approached you to file his tax returns for him and from all indications, he has paid all his taxes based on the self-assessment estimate.

Required:
i) What steps (if any) will you take to enable Paa Tee file his tax return and are there any financial implications in filing? (2 marks)
ii) What factors may give rise to an adjusted assessment by the Commissioner-General?

Answer

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Tags: Adjusted Assessment, Penalties, Self Assessment., Tax Filing, Tax Returns
Level: Level 2

Topic: Tax Administration
Series: NOV 2020

PT – Nov 2023 – L2 – Q1a – Tax Administration

Outline the procedures for obtaining an extension for filing corporate tax returns.

Question

Required:
Outline the procedures for extension of time to file tax returns to the Managing Director.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax Returns, Tax Administration, Tax Filing
Level: Level 2

Topic: Tax Administration
Series: NOV 2023

PT – Nov 2023 – L2 – Q1d – Income Tax Liabilities

Outline the sanctions imposed for failure to file tax returns.

Question

Required:
State the sanctions for failing to file tax returns.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Non-compliance, Penalties, Tax Administration, Tax Filing
Level: Level 2

Topic: Tax Administration
Series: NOV 2023

PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

Question

Required:
In reference to the above statement, state FOUR (4) details the taxpayer must provide when filing a return for a gift.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Gift tax, Tax Filing, Taxpayer Responsibilities
Level: Level 2

Topic: Income Tax Liabilities
Series: JULY 2023

PT – Nov 2020 – L2 – Q1e – Tax Administration

Explains steps to file tax returns for a sole proprietor and reasons for an adjusted assessment by the Commissioner-General.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Adjusted Assessment, Penalties, Self Assessment., Tax Filing, Tax Returns
Level: Level 2

Topic: Tax Administration
Series: NOV 2020

Question Tag: Tax Filing

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PT – Nov 2023 – L2 – Q1a – Tax Administration

Outline the procedures for obtaining an extension for filing corporate tax returns.

PT – Nov 2023 – L2 – Q1d – Income Tax Liabilities

Outline the sanctions imposed for failure to file tax returns.

PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

PT – Nov 2020 – L2 – Q1e – Tax Administration

Explains steps to file tax returns for a sole proprietor and reasons for an adjusted assessment by the Commissioner-General.

PT – Nov 2023 – L2 – Q1a – Tax Administration

Outline the procedures for obtaining an extension for filing corporate tax returns.

PT – Nov 2023 – L2 – Q1d – Income Tax Liabilities

Outline the sanctions imposed for failure to file tax returns.

PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

PT – Nov 2020 – L2 – Q1e – Tax Administration

Explains steps to file tax returns for a sole proprietor and reasons for an adjusted assessment by the Commissioner-General.

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PT – Nov 2023 – L2 – Q1a – Tax Administration

Outline the procedures for obtaining an extension for filing corporate tax returns.

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PT – Nov 2023 – L2 – Q1d – Income Tax Liabilities

Outline the sanctions imposed for failure to file tax returns.

You're reporting an error for "PT – Nov 2023 – L2 – Q1d – Income Tax Liabilities"

PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

You're reporting an error for "PT – July 2023 – L2 – Q5c – Income Tax Liabilities"

PT – Nov 2020 – L2 – Q1e – Tax Administration

Explains steps to file tax returns for a sole proprietor and reasons for an adjusted assessment by the Commissioner-General.

You're reporting an error for "PT – Nov 2020 – L2 – Q1e – Tax Administration"

PT – Nov 2023 – L2 – Q1a – Tax Administration

Outline the procedures for obtaining an extension for filing corporate tax returns.

You're reporting an error for "PT – Nov 2023 – L2 – Q1a – Tax Administration"

PT – Nov 2023 – L2 – Q1d – Income Tax Liabilities

Outline the sanctions imposed for failure to file tax returns.

You're reporting an error for "PT – Nov 2023 – L2 – Q1d – Income Tax Liabilities"

PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

You're reporting an error for "PT – July 2023 – L2 – Q5c – Income Tax Liabilities"

PT – Nov 2020 – L2 – Q1e – Tax Administration

Explains steps to file tax returns for a sole proprietor and reasons for an adjusted assessment by the Commissioner-General.

You're reporting an error for "PT – Nov 2020 – L2 – Q1e – Tax Administration"

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