Import duty – Noohra Business Consult

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

Question

What constitutes “Duty Drawback” and what are the types of “Duty Drawbacks” in customs administration?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Duty Drawback, Export Incentives, Import duty, Tax Refund
Level: Level 3

Topic: Duty Drawbacks, International taxation
Series: MAY 2018

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

Question

What constitutes “Duty Drawback” and what are the types of “Duty Drawbacks” in customs administration?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Duty Drawback, Export Incentives, Import duty, Tax Refund
Level: Level 3

Topic: Duty Drawbacks, International taxation
Series: MAY 2018

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

Question

The Government intends to drastically discourage the importation of television sets and rather create local demands for Osafo Electronics as part of efforts to “Grow Made in Ghana products.”

The following data is relevant:
4,000 pieces of television sets at a cost of GHS2,200.00 per one were imported in March 2015 from USA by Kamus Enterprise. The cost of freight was GHS100 per television set via KLM Airline.

Additional information:

Rate of duty: 20%
Specific rate of duty: GHS80 per television set

Required:

i. Using the above, compute the taxes payable under both the ad valorem and specific methods.
(6 marks)

ii. Advise the government on which method would help achieve its intended action and why.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ad Valorem tax, Government tax policy, Import duty, Specific tax rate, VAT
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2015

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

Question

The Government intends to drastically discourage the importation of television sets and rather create local demands for Osafo Electronics as part of efforts to “Grow Made in Ghana products.”

Additional information:

Rate of duty: 20%
Specific rate of duty: GHS80 per television set

Required:

i. Using the above, compute the taxes payable under both the ad valorem and specific methods.
(6 marks)

ii. Advise the government on which method would help achieve its intended action and why.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ad Valorem tax, Government tax policy, Import duty, Specific tax rate, VAT
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2015

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

Question

What constitutes “Duty Drawback” and what are the types of “Duty Drawbacks” in customs administration?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Duty Drawback, Export Incentives, Import duty, Tax Refund
Level: Level 3

Topic: Duty Drawbacks, International taxation
Series: MAY 2018

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

Question

What constitutes “Duty Drawback” and what are the types of “Duty Drawbacks” in customs administration?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Duty Drawback, Export Incentives, Import duty, Tax Refund
Level: Level 3

Topic: Duty Drawbacks, International taxation
Series: MAY 2018

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

Question

The Government intends to drastically discourage the importation of television sets and rather create local demands for Osafo Electronics as part of efforts to “Grow Made in Ghana products.”

Additional information:

Rate of duty: 20%
Specific rate of duty: GHS80 per television set

Required:

i. Using the above, compute the taxes payable under both the ad valorem and specific methods.
(6 marks)

ii. Advise the government on which method would help achieve its intended action and why.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ad Valorem tax, Government tax policy, Import duty, Specific tax rate, VAT
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2015

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

Question

The Government intends to drastically discourage the importation of television sets and rather create local demands for Osafo Electronics as part of efforts to “Grow Made in Ghana products.”

Additional information:

Rate of duty: 20%
Specific rate of duty: GHS80 per television set

Required:

i. Using the above, compute the taxes payable under both the ad valorem and specific methods.
(6 marks)

ii. Advise the government on which method would help achieve its intended action and why.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ad Valorem tax, Government tax policy, Import duty, Specific tax rate, VAT
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2015

Question Tag: Import duty

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TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

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TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

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TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

You're reporting an error for "TF – May 2018 – L3 – Q5c – Tax administration in Ghana"

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

You're reporting an error for "AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax"

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

You're reporting an error for "AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax"

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

You're reporting an error for "TF – May 2018 – L3 – Q5c – Tax administration in Ghana"

TF – May 2018 – L3 – Q5c – Tax administration in Ghana

Explanation of duty drawback and its types as a tax incentive for exporters.

You're reporting an error for "TF – May 2018 – L3 – Q5c – Tax administration in Ghana"

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

You're reporting an error for "AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax"

AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax

Calculating taxes payable under ad valorem and specific tax rate methods for imported television sets.

You're reporting an error for "AT – Nov 2015 – L3 – Q4a – Business income – Corporate income tax"

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