- 6 Marks
TF – May 2018 – L3 – Q3b – Tax planning
Briefly explain tax holiday, tax exemptions, tax reliefs, and tax rebates.
Question
Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency, with the elements of the financial plan working together in the most tax-efficient manner possible.
Required:
Briefly explain the following terms with respect to tax planning:
i) Tax holiday
ii) Tax exemptions
iii) Tax relief
iv) Tax rebates/refund
(6 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Tax Exemptions, Tax Holiday, Tax Planning, Tax rebates, Tax Relief
- Level: Level 3
- Topic: Tax planning
- Series: MAY 2018
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