Tax Strategies – NBC Institute

ATAX – May 2016 – L3 – Q7a – Tax Planning and Management

List seven essential documents/information required for effective tax planning strategies.

Question

Tax planning involves making conscious efforts to arrange a taxpayer’s affairs in ways that will minimize tax liabilities. It requires detailed knowledge of tax legislation and the application of the same to particular circumstances, identifying and taking advantage of loopholes, if any.

The tax-conscious taxpayer and the expert tax adviser working together can often significantly reduce the tax liability that would have otherwise been payable.

You are required to:
Provide an adequate checklist of any SEVEN documents/information to be considered for effective tax planning strategies. (7 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax Documentation, Tax Planning, Tax Strategies
Level: Level 3

Topic: Tax Planning and Management

ATAX – May 2017 – L3 – Q6a – Tax Planning and Management

Explain thin capitalization and non-tax factors in tax planning with examples.

Question

Tax planning encompasses many different considerations, including the timing of income, purchases and other expenditure, the selection of investments, and the taxpayer’s filing status. Put differently, tax planning is the analysis of a financial situation or plan from a tax perspective.

Given the current government’s drive to boost revenue, there is the compelling need for companies to adopt vigorous tax planning strategies.

You are required to briefly explain with examples the following:
i. Thin Capitalization (4 Marks)
ii. Non-Tax Factors (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Non-Tax Factors, Tax Planning, Tax Strategies, Thin Capitalization
Level: Level 3

Topic: Tax Planning and Management

AT – Nov 2023 – L3 – Q1c – Tax planning

Advise on tax strategies to reduce advertising and marketing costs while creating value for shareholders.

Question

Zantem Ltd has equity of GH¢10,000,000 while Bonty Ltd has equity of GH¢12,000,000. The two companies are in competition for the same market space. This has increased their advertising and marketing costs. The Ghana Revenue Authority (GRA) has threatened to disallow a portion of their advertising and marketing costs, which appear astronomically high.

The Management of the two companies have invited you, a tax expert, to be part of a discussion to look at the possible ways the two companies can eliminate or reduce any tax exposure to their shareholders with the potential threat from the GRA.

Required:
Advise the Management on the tax strategy(ies) to adopt to reduce their cost while creating value for their shareholders. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advertising Costs, Ghana Revenue Authority, Marketing Costs, Shareholder Value, Tax Strategies
Level: Level 3

Topic: Tax planning
Series: NOV 2023

ATAX – May 2016 – L3 – Q7a – Tax Planning and Management

List seven essential documents/information required for effective tax planning strategies.

Question

The tax-conscious taxpayer and the expert tax adviser working together can often significantly reduce the tax liability that would have otherwise been payable.

You are required to:
Provide an adequate checklist of any SEVEN documents/information to be considered for effective tax planning strategies. (7 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax Documentation, Tax Planning, Tax Strategies
Level: Level 3

Topic: Tax Planning and Management

ATAX – May 2017 – L3 – Q6a – Tax Planning and Management

Explain thin capitalization and non-tax factors in tax planning with examples.

Question

Given the current government’s drive to boost revenue, there is the compelling need for companies to adopt vigorous tax planning strategies.

You are required to briefly explain with examples the following:
i. Thin Capitalization (4 Marks)
ii. Non-Tax Factors (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Non-Tax Factors, Tax Planning, Tax Strategies, Thin Capitalization
Level: Level 3

Topic: Tax Planning and Management

AT – Nov 2023 – L3 – Q1c – Tax planning

Advise on tax strategies to reduce advertising and marketing costs while creating value for shareholders.

Question

Required:
Advise the Management on the tax strategy(ies) to adopt to reduce their cost while creating value for their shareholders. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advertising Costs, Ghana Revenue Authority, Marketing Costs, Shareholder Value, Tax Strategies
Level: Level 3

Topic: Tax planning
Series: NOV 2023

Question Tag: Tax Strategies

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

ATAX – May 2016 – L3 – Q7a – Tax Planning and Management

List seven essential documents/information required for effective tax planning strategies.

ATAX – May 2017 – L3 – Q6a – Tax Planning and Management

Explain thin capitalization and non-tax factors in tax planning with examples.

AT – Nov 2023 – L3 – Q1c – Tax planning

Advise on tax strategies to reduce advertising and marketing costs while creating value for shareholders.

ATAX – May 2016 – L3 – Q7a – Tax Planning and Management

List seven essential documents/information required for effective tax planning strategies.

ATAX – May 2017 – L3 – Q6a – Tax Planning and Management

Explain thin capitalization and non-tax factors in tax planning with examples.

AT – Nov 2023 – L3 – Q1c – Tax planning

Advise on tax strategies to reduce advertising and marketing costs while creating value for shareholders.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Tax Strategies

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

ATAX – May 2016 – L3 – Q7a – Tax Planning and Management

List seven essential documents/information required for effective tax planning strategies.

You're reporting an error for "ATAX – May 2016 – L3 – Q7a – Tax Planning and Management"

ATAX – May 2017 – L3 – Q6a – Tax Planning and Management

Explain thin capitalization and non-tax factors in tax planning with examples.

You're reporting an error for "ATAX – May 2017 – L3 – Q6a – Tax Planning and Management"

AT – Nov 2023 – L3 – Q1c – Tax planning

Advise on tax strategies to reduce advertising and marketing costs while creating value for shareholders.

You're reporting an error for "AT – Nov 2023 – L3 – Q1c – Tax planning"

ATAX – May 2016 – L3 – Q7a – Tax Planning and Management

List seven essential documents/information required for effective tax planning strategies.

You're reporting an error for "ATAX – May 2016 – L3 – Q7a – Tax Planning and Management"

ATAX – May 2017 – L3 – Q6a – Tax Planning and Management

Explain thin capitalization and non-tax factors in tax planning with examples.

You're reporting an error for "ATAX – May 2017 – L3 – Q6a – Tax Planning and Management"

AT – Nov 2023 – L3 – Q1c – Tax planning

Advise on tax strategies to reduce advertising and marketing costs while creating value for shareholders.

You're reporting an error for "AT – Nov 2023 – L3 – Q1c – Tax planning"

Our offerings

Contact Info

Customer

Get In Touch

admin