- 8 Marks
TX – May 2019 – L3 – Q4C – Business income – Corporate income tax
Explain VAT terms including taxable activity, exempt supply, relief supply, and zero-rated supply, with examples.
Question
c) Explain the following terms used under Value Added Tax (VAT) administration and provide TWO (2) examples under each term.
i) Taxable activity (2 marks)
ii) Exempt supply (2 marks)
iii) Relief supply (2 marks)
iv) Zero-rated supply (2 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Exempt Supply, Ghana Revenue Authority, Relief Supply, Taxable Activity, VAT, Zero-Rated Supply
- Level: Level 3
- Topic: Tax administration in Ghana
- Series: MAY 2019
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