Telecommunications – NBC Institute

AT – Nov 2017 – L3 – Q6 – Tax Administration and Dispute Resolution

Company on the total tax liabilities

Question

Pategi and Abu are brothers based in Hackettstown, New Jersey, USA. In 2009, they, along with ten other African-Americans, incorporated a telecommunications company named Pategi Telecommunications Limited. The company, headquartered in the USA, has a representative office in Share, Kwara State, Nigeria. In the year ended December 31, 2014, the following transactions were extracted from the company’s records:

Number of Minutes of Telecommunication Transactions:
- U.S. to other parts of the World: 1,705,000 minutes
- U.S. to Nigeria: 374,000 minutes
- Nigeria to U.S.: 426,250 minutes
- Nigeria to Canada: 550,000 minutes
- U.S. to Canada through Nigeria: 794,750 minutes
  Total Minutes: 3,850,000 minutes
Worldwide Expenses Incurred (Naira):
- Refurbishment: N7,150,000
- Rent: N1,100,000
- Depreciation: N25,991,563
- Salaries and Wages: N4,065,188
- Other Disallowable Expenses: N9,658,000
- Administrative Expenses: N4,820,750
  Total Expenses: N52,785,501
Telecommunication Charges:
- Average charge rate per minute: $0.50
- Applicable exchange rate: N198 to $1.00

Required:
Advise the company on the total tax liabilities for the relevant year of assessment. (Total 15 Marks)

Answer

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Tags: Cross-Border Transactions, Exchange Rate, International Taxation, Revenue, Tax Assessment, Tax computation, Tax liabilities, Telecommunications
Level: Level 3

Topic: Tax Administration and Dispute Resolution
Series: NOV 2017

SCS – Nov 2021 – L3 – Q5 – Internal Analysis

Prepare a business plan extract with a focus on competitive and market analysis of COM Ltd.

Question

A level 300 student in the University of Ghana has approached you to assist her with her project work. She is undertaking a study of COM as a business case and she would need guidance on specific areas in the preparation of a business plan.

Required:
Prepare an extract of a business plan on the following based on the company, COM:

a) Competitive Analysis (5 marks)
b) Market Analysis (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Plan, Competitive analysis, Market Growth, Market Segmentation, Telecommunications
Level: Level 3

Topic: Internal analysis
Series: NOV 2021

AT – Nov 2017 – L3 – Q6 – Tax Administration and Dispute Resolution

Company on the total tax liabilities

Question

Number of Minutes of Telecommunication Transactions:
- U.S. to other parts of the World: 1,705,000 minutes
- U.S. to Nigeria: 374,000 minutes
- Nigeria to U.S.: 426,250 minutes
- Nigeria to Canada: 550,000 minutes
- U.S. to Canada through Nigeria: 794,750 minutes
  Total Minutes: 3,850,000 minutes
Worldwide Expenses Incurred (Naira):
- Refurbishment: N7,150,000
- Rent: N1,100,000
- Depreciation: N25,991,563
- Salaries and Wages: N4,065,188
- Other Disallowable Expenses: N9,658,000
- Administrative Expenses: N4,820,750
  Total Expenses: N52,785,501
Telecommunication Charges:
- Average charge rate per minute: $0.50
- Applicable exchange rate: N198 to $1.00

Required:
Advise the company on the total tax liabilities for the relevant year of assessment. (Total 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cross-Border Transactions, Exchange Rate, International Taxation, Revenue, Tax Assessment, Tax computation, Tax liabilities, Telecommunications
Level: Level 3

Topic: Tax Administration and Dispute Resolution
Series: NOV 2017

SCS – Nov 2021 – L3 – Q5 – Internal Analysis

Prepare a business plan extract with a focus on competitive and market analysis of COM Ltd.

Question

Required:
Prepare an extract of a business plan on the following based on the company, COM:

a) Competitive Analysis (5 marks)
b) Market Analysis (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Plan, Competitive analysis, Market Growth, Market Segmentation, Telecommunications
Level: Level 3

Topic: Internal analysis
Series: NOV 2021

Question Tag: Telecommunications

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AT – Nov 2017 – L3 – Q6 – Tax Administration and Dispute Resolution

Company on the total tax liabilities

SCS – Nov 2021 – L3 – Q5 – Internal Analysis

Prepare a business plan extract with a focus on competitive and market analysis of COM Ltd.

AT – Nov 2017 – L3 – Q6 – Tax Administration and Dispute Resolution

Company on the total tax liabilities

SCS – Nov 2021 – L3 – Q5 – Internal Analysis

Prepare a business plan extract with a focus on competitive and market analysis of COM Ltd.

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AT – Nov 2017 – L3 – Q6 – Tax Administration and Dispute Resolution

Company on the total tax liabilities

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SCS – Nov 2021 – L3 – Q5 – Internal Analysis

Prepare a business plan extract with a focus on competitive and market analysis of COM Ltd.

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AT – Nov 2017 – L3 – Q6 – Tax Administration and Dispute Resolution

Company on the total tax liabilities

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SCS – Nov 2021 – L3 – Q5 – Internal Analysis

Prepare a business plan extract with a focus on competitive and market analysis of COM Ltd.

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