- 1 Marks
TAX – May 2021 – L1 – SA – Q20 – Tax Administration and Enforcement
Objective question on the minimum tax payable by air or sea transport businesses in Nigeria.
Question
The minimum tax payable by a company engaged in air or sea transport business shall not be less than……………… of the full sum receivable in respect of carriage of passengers, mails, livestock, or goods shipped or loaded into an aircraft in Nigeria.
A. 20%
B. 10%
C. 5%
D. 2%
E. 1%
Find Related Questions by Tags, levels, etc.
- Tags: Air Transport, Minimum Tax, Sea Transport, Tax Rates
- Level: Level 1
- Topic: Tax Administration and Enforcement
- Series: MAY 2021
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