- 5 Marks
PT – May 2020 – L2 – Q2a – Value-Added Tax (VAT),
Examines the VAT implications for a non-resident company's purchase and servicing of vehicles in Ghana.
Question
Pamela Noi Ltd is a non-resident person. The Company’s Procurement Officer came down to Ghana to buy Ten (10) Toyota Vehicles manufactured by Safo Kantanka to be delivered in Mali. The vehicles are going to be used in Mali. The management of Pamela Noi Ltd requested that the vehicles be serviced in Ghana by High Class Mechanic, a popular mechanic in Accra-Ghana.
Required:
i) What is the Value Added Tax (VAT) implication on the vehicle to be acquired by Pamela Noi Ltd?
(2.5 marks)
ii) What is the VAT implication of the servicing of the vehicle in Ghana?
(2.5 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Non-resident, Tax Administration, Taxable Supplies, VAT
- Level: Level 2
- Topic: and Excise Duties, Value-Added Tax (VAT)
- Series: MAY 2020
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