Taxpayer obligations – NBC Institute

TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

Question

In respect of VAT, a person who fails to notify the FIRS of any change of address within one month of such change is liable to pay a penalty of:
A. N25,000
B. N20,000
C. N15,000
D. N10,000
E. N5,000

Answer

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Tags: Change of Address, FIRS, Penalties, Taxpayer obligations, VAT
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

AT – Nov 2015 – L3 – Q2c – Tax administration in Ghana

Explaining the self-assessment tax regime and benefits to taxpayers under Ghana’s tax administration system.

Question

Ghana Revenue Authority has embarked on comprehensive reforms geared towards “Voluntary Tax Compliance.” Among the reforms is requesting taxpayers to determine their tax liabilities and consequently the tax payable. This has been criticized by some taxpayers as increasing the cost of compliance or doing business. You have been engaged by the Ministry of Finance to help Ghana Revenue Authority educate taxpayers on these reforms.

You are required to explain to taxpayers:

i. Self-Assessment Tax Regime.
(4 marks)

ii. Critically examine the benefits taxpayers stand to derive from the Self-Assessment Regime that has become part of tax administration in Ghana.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benefits of self-assessment, Self Assessment., Tax Compliance, Taxpayer obligations
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2015

TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

Question

In respect of VAT, a person who fails to notify the FIRS of any change of address within one month of such change is liable to pay a penalty of:
A. N25,000
B. N20,000
C. N15,000
D. N10,000
E. N5,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Change of Address, FIRS, Penalties, Taxpayer obligations, VAT
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

AT – Nov 2015 – L3 – Q2c – Tax administration in Ghana

Explaining the self-assessment tax regime and benefits to taxpayers under Ghana’s tax administration system.

Question

You are required to explain to taxpayers:

i. Self-Assessment Tax Regime.
(4 marks)

ii. Critically examine the benefits taxpayers stand to derive from the Self-Assessment Regime that has become part of tax administration in Ghana.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benefits of self-assessment, Self Assessment., Tax Compliance, Taxpayer obligations
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2015

Question Tag: Taxpayer obligations

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TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

AT – Nov 2015 – L3 – Q2c – Tax administration in Ghana

Explaining the self-assessment tax regime and benefits to taxpayers under Ghana’s tax administration system.

TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

AT – Nov 2015 – L3 – Q2c – Tax administration in Ghana

Explaining the self-assessment tax regime and benefits to taxpayers under Ghana’s tax administration system.

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TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

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AT – Nov 2015 – L3 – Q2c – Tax administration in Ghana

Explaining the self-assessment tax regime and benefits to taxpayers under Ghana’s tax administration system.

You're reporting an error for "AT – Nov 2015 – L3 – Q2c – Tax administration in Ghana"

TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement

Objective question about the penalty for failure to notify FIRS of change of address within a specified time frame.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q11 – Tax Administration and Enforcement"

AT – Nov 2015 – L3 – Q2c – Tax administration in Ghana

Explaining the self-assessment tax regime and benefits to taxpayers under Ghana’s tax administration system.

You're reporting an error for "AT – Nov 2015 – L3 – Q2c – Tax administration in Ghana"

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