Question Tag: Tax rebates

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TF – May 2018 – L3 – Q3b – Tax planning

Briefly explain tax holiday, tax exemptions, tax reliefs, and tax rebates.

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)

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AT – Mar 2024 – L3 – Q2b – Tax administration in Ghana

Identifying categories of persons benefiting from locational tax policies and their respective tax benefits.

Location of certain businesses creates value addition to owners of businesses. In light of the government agenda to accelerate development across certain geographical locations, tax policies are often used to create that drive in response to the 1992 Constitution that requires balanced growth of the country.

Required:
Identify THREE (3) categories of persons that stand to benefit from locational incentives and state their respective benefits.

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TF – May 2018 – L3 – Q3b – Tax planning

Briefly explain tax holiday, tax exemptions, tax reliefs, and tax rebates.

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)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

AT – Mar 2024 – L3 – Q2b – Tax administration in Ghana

Identifying categories of persons benefiting from locational tax policies and their respective tax benefits.

Location of certain businesses creates value addition to owners of businesses. In light of the government agenda to accelerate development across certain geographical locations, tax policies are often used to create that drive in response to the 1992 Constitution that requires balanced growth of the country.

Required:
Identify THREE (3) categories of persons that stand to benefit from locational incentives and state their respective benefits.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.