Menu
- 4 Marks
Question
Paa Tee is a sole proprietor and has not filed his tax returns for 2018 year of assessment as at April 1, 2019. He has approached you to file his tax returns for him and from all indications, he has paid all his taxes based on the self-assessment estimate.
Required:
i) What steps (if any) will you take to enable Paa Tee file his tax return and are there any financial implications in filing? (2 marks)
ii) What factors may give rise to an adjusted assessment by the Commissioner-General?
Answer
i) I would help Paa Tee apply for an extension if there are valid reasons for doing so, but the application must be made before the deadline of 30th April 2019. There is no financial implication if the filing is done on or before 30th April 2019, or if an extension is granted by the Ghana Revenue Authority.
(2 marks)
ii) The factors that may give rise to an adjusted assessment by the Commissioner-General are:
- Failure to file a tax return.
- Discovery of a case of fraud.
- Willful default.
- Serious omission.
- Tags: Adjusted Assessment, Penalties, Self Assessment., Tax Filing, Tax Returns
- Level: Level 2
- Topic: Tax Administration
- Series: NOV 2020
- Uploader: Joseph