- 10 Marks
PT – Nov 2023 – L2 – Q4a – Income Tax Liabilities
Explanation of tax treatment of research and development expenses, contributions to worthwhile causes, and financial costs from derivatives.
Question
Your company has recruited five new employees, and the Director of Training has instructed you to explain certain provisions in the Income Tax Act, 2015 (Act 896) to them:
i) Research and development expenditure (3 marks)
ii) Contribution and donations to worthwhile causes (3 marks)
iii) Financial cost from derivatives (4 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Contributions, Donations, Financial instruments, Research and Development, Tax Deductibles, Tax law
- Level: Level 2
- Topic: Contributions, Financial Cost
- Series: NOV 2023
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