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- 5 Marks
Question
Mr. Nyametse John is a member of Community Christ Church. Mr. Nyametse does not run a business, nor is he employed. In the 2018 year of assessment, he received the following from his Pastor, who just returned from the United Kingdom:
Item Value (£)
Wristwatch 100
Shoes 120
Mobile Phone 150
Exchange rate: GH¢6 – £1
Required:
Compute any tax payable for the 2018 year of assessment. (5 marks)
Answer
b) Mr. Nyametse John
Computation of Tax Payable
Y/A 2018
BP January 1-December 31, 2018
(5 marks evenly spread using ticks)
- Tags: Ghana Revenue Authority, Gift tax, Gifts, Income Tax, Non-resident
- Level: Level 2
- Topic: Income Tax Liabilities
- Series: MAY 2020
- Uploader: Cheoli