Permanent establishment – NBC Institute

AT – Nov 2018 – L3 – Q3a – Permanent establishment, International taxation

Tax policy implications on the establishment of a permanent entity, finance lease acquisitions, and dividend policies by a foreign company.

Question

The management of Smith Plc, a UK-based company, is considering the possibility of launching its presence in Ghana and it is not sure of the tax implication of the following under the tax laws of Ghana:

i) It is considering making its presence through incorporation in Ghana or creating an external company that is a Permanent Establishment (Branch) instead.
ii) It intends to acquire all its non-current assets through finance lease as against buying the assets outright when it makes its presence in Ghana.
iii) It intends to bring some staff from the United Kingdom to work in Ghana who will be paid half salary in Ghana and the other half paid directly to their accounts in the United Kingdom as against paying their full salary in Ghana.
iv) Management intends to acquire shares in many companies in Ghana as part of efforts to create value for shareholders through dividend receipts as against granting loans to interested companies in Ghana if it is unable to make its presence in Ghana.

Required:
Evaluate the above policy interventions and advise on the tax implication of each to enable the management of Smith Plc to make a decision.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dividends, Finance lease, Incorporation, Non-current Assets, Permanent Establishment, Tax implications
Level: Level 3

Topic: International taxation, Permanent establishment
Series: NOV 2018

TF – May 2018 – L3 – Q4a – Permanent establishment

Discuss how a non-resident person is taxed in Ghana with and without a permanent establishment.

Question

Tax administration allows for cross-border transactions. To this end, entities conduct businesses across countries as a way of increasing their competitiveness and international appeal and consequently their profits.

Required:
Discuss how a non-resident person would be taxed in Ghana if they:
i) Have a permanent establishment.
ii) Do not have a permanent establishment.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Non-resident taxation, Permanent Establishment, Withholding Tax
Level: Level 3

Topic: International taxation, Permanent establishment
Series: MAY 2018

AT – NOV 2021 – L3 – Q1b – Permanent Establishment | International Taxation

Discusses the tax implications of establishing a permanent establishment or a subsidiary in Ghana.

Question

Muda Atesigbe is a major shareholder of Malka Ltd, a company based in Dubai–United Arab Emirates. As part of giving the company a global outlook, it intends to have a presence in Ghana. What is not too clear to the company’s management is the mode of entry into the country that would serve its business interests. It is contemplating establishing a company in Ghana or using the Permanent Establishment route to make its presence in Ghana.

Required:
He has tasked you, as a final level student of the Institute of Chartered Accountants, Ghana, to advise him on the tax implications of both routes and which is a better option. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Branch Profit, Interest Deduction, Permanent Establishment, Stamp Duty, Subsidiary, Tax implications
Level: Level 3

Topic: International taxation, Permanent establishment
Series: NOV 2021

AT – Nov 2023 – L3 – Q2a – Permanent establishment

Explain four scenarios where a permanent establishment may be created in Ghana and how they may be taxed.

Question

There are many ways non-resident entities may launch their presence into a country. Some of the ways include the establishment of subsidiaries, licensing, and permanent establishment.

Required:
Explain FOUR (4) different scenarios a permanent establishment may be created in Ghana and how they may be subject to tax in Ghana by the Commissioner-General. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghana Revenue Authority, Non-resident Entities, Permanent Establishment, Taxation
Level: Level 3

Topic: Permanent establishment
Series: NOV 2023

AT – Nov 2018 – L3 – Q3a – Permanent establishment, International taxation

Tax policy implications on the establishment of a permanent entity, finance lease acquisitions, and dividend policies by a foreign company.

Question

Required:
Evaluate the above policy interventions and advise on the tax implication of each to enable the management of Smith Plc to make a decision.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dividends, Finance lease, Incorporation, Non-current Assets, Permanent Establishment, Tax implications
Level: Level 3

Topic: International taxation, Permanent establishment
Series: NOV 2018

TF – May 2018 – L3 – Q4a – Permanent establishment

Discuss how a non-resident person is taxed in Ghana with and without a permanent establishment.

Question

Required:
Discuss how a non-resident person would be taxed in Ghana if they:
i) Have a permanent establishment.
ii) Do not have a permanent establishment.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Non-resident taxation, Permanent Establishment, Withholding Tax
Level: Level 3

Topic: International taxation, Permanent establishment
Series: MAY 2018

AT – NOV 2021 – L3 – Q1b – Permanent Establishment | International Taxation

Discusses the tax implications of establishing a permanent establishment or a subsidiary in Ghana.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Branch Profit, Interest Deduction, Permanent Establishment, Stamp Duty, Subsidiary, Tax implications
Level: Level 3

Topic: International taxation, Permanent establishment
Series: NOV 2021

AT – Nov 2023 – L3 – Q2a – Permanent establishment

Explain four scenarios where a permanent establishment may be created in Ghana and how they may be taxed.

Question

There are many ways non-resident entities may launch their presence into a country. Some of the ways include the establishment of subsidiaries, licensing, and permanent establishment.

Required:
Explain FOUR (4) different scenarios a permanent establishment may be created in Ghana and how they may be subject to tax in Ghana by the Commissioner-General. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghana Revenue Authority, Non-resident Entities, Permanent Establishment, Taxation
Level: Level 3

Topic: Permanent establishment
Series: NOV 2023

Topic: Permanent establishment

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AT – Nov 2018 – L3 – Q3a – Permanent establishment, International taxation

Tax policy implications on the establishment of a permanent entity, finance lease acquisitions, and dividend policies by a foreign company.

TF – May 2018 – L3 – Q4a – Permanent establishment

Discuss how a non-resident person is taxed in Ghana with and without a permanent establishment.

AT – NOV 2021 – L3 – Q1b – Permanent Establishment | International Taxation

Discusses the tax implications of establishing a permanent establishment or a subsidiary in Ghana.

AT – Nov 2023 – L3 – Q2a – Permanent establishment

Explain four scenarios where a permanent establishment may be created in Ghana and how they may be taxed.

AT – Nov 2018 – L3 – Q3a – Permanent establishment, International taxation

Tax policy implications on the establishment of a permanent entity, finance lease acquisitions, and dividend policies by a foreign company.

TF – May 2018 – L3 – Q4a – Permanent establishment

Discuss how a non-resident person is taxed in Ghana with and without a permanent establishment.

AT – NOV 2021 – L3 – Q1b – Permanent Establishment | International Taxation

Discusses the tax implications of establishing a permanent establishment or a subsidiary in Ghana.

AT – Nov 2023 – L3 – Q2a – Permanent establishment

Explain four scenarios where a permanent establishment may be created in Ghana and how they may be taxed.

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AT – Nov 2018 – L3 – Q3a – Permanent establishment, International taxation

Tax policy implications on the establishment of a permanent entity, finance lease acquisitions, and dividend policies by a foreign company.

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TF – May 2018 – L3 – Q4a – Permanent establishment

Discuss how a non-resident person is taxed in Ghana with and without a permanent establishment.

You're reporting an error for "TF – May 2018 – L3 – Q4a – Permanent establishment"

AT – NOV 2021 – L3 – Q1b – Permanent Establishment | International Taxation

Discusses the tax implications of establishing a permanent establishment or a subsidiary in Ghana.

You're reporting an error for "AT – NOV 2021 – L3 – Q1b – Permanent Establishment | International Taxation"

AT – Nov 2023 – L3 – Q2a – Permanent establishment

Explain four scenarios where a permanent establishment may be created in Ghana and how they may be taxed.

You're reporting an error for "AT – Nov 2023 – L3 – Q2a – Permanent establishment"

AT – Nov 2018 – L3 – Q3a – Permanent establishment, International taxation

Tax policy implications on the establishment of a permanent entity, finance lease acquisitions, and dividend policies by a foreign company.

You're reporting an error for "AT – Nov 2018 – L3 – Q3a – Permanent establishment, International taxation"

TF – May 2018 – L3 – Q4a – Permanent establishment

Discuss how a non-resident person is taxed in Ghana with and without a permanent establishment.

You're reporting an error for "TF – May 2018 – L3 – Q4a – Permanent establishment"

AT – NOV 2021 – L3 – Q1b – Permanent Establishment | International Taxation

Discusses the tax implications of establishing a permanent establishment or a subsidiary in Ghana.

You're reporting an error for "AT – NOV 2021 – L3 – Q1b – Permanent Establishment | International Taxation"

AT – Nov 2023 – L3 – Q2a – Permanent establishment

Explain four scenarios where a permanent establishment may be created in Ghana and how they may be taxed.

You're reporting an error for "AT – Nov 2023 – L3 – Q2a – Permanent establishment"

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