Stamp Duty – Noohra Business Consult

PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities

Explanation of the tax implications of transferring retained earnings to share capital, including deemed dividend tax and stamp duty.

Question

A Nigerian investor (Niger Ltd) in Ghana has the following information relating to its business:

Year	Revaluation Reserves (GH¢)	Share Capital (GH¢)	Retained Earnings (GH¢)
2021	250,000	1,000,000	1,200,000
2020	100,000	600,000	1,350,000

Required:
With relevant computations, comment on the tax implication of the transfer from Retained Earnings to Share Capital. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Deemed Dividend, Retained Earnings, Share Capital, Stamp Duty
Level: Level 2

Topic: Corporate Tax Liabilities
Series: DEC 2023

PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities

Explanation of the tax implications of transferring retained earnings to share capital, including deemed dividend tax and stamp duty.

Question

A Nigerian investor (Niger Ltd) in Ghana has the following information relating to its business:

Year	Revaluation Reserves (GH¢)	Share Capital (GH¢)	Retained Earnings (GH¢)
2021	250,000	1,000,000	1,200,000
2020	100,000	600,000	1,350,000

Required:
With relevant computations, comment on the tax implication of the transfer from Retained Earnings to Share Capital. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Deemed Dividend, Retained Earnings, Share Capital, Stamp Duty
Level: Level 2

Topic: Corporate Tax Liabilities
Series: DEC 2023

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

Question

Management of Kwame Enterprise Ltd considers increasing its stated capital by transferring GH¢600,000 from Income Surplus in 2019 year of assessment in its bid to expand its business horizon in future. The management of the company intends to consult widely on the taxability, if any, on this line of action.

Required:

Assess the tax implication of this funding arrangement by Management of Kwame Enterprise Ltd.
(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dividend Withholding Tax, Income Surplus, Stamp Duty, Stated Capital
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

Question

Required:

Assess the tax implication of this funding arrangement by Management of Kwame Enterprise Ltd.
(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dividend Withholding Tax, Income Surplus, Stamp Duty, Stated Capital
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

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 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 2017 – L3 – Q3c – Business income – Corporate income tax

Identifying tax exposure on transfer from income surplus to stated capital.

Question

In order to increase its stated capital, XYZ Ltd transferred an amount from its income surplus account. As a tax advisor, identify the types of taxes XYZ Ltd is exposed to on the above arrangement.

(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Dividend tax, Stamp Duty
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2017

AT – Nov 2017 – L3 – Q3c – Business income – Corporate income tax

Identifying tax exposure on transfer from income surplus to stated capital.

Question

In order to increase its stated capital, XYZ Ltd transferred an amount from its income surplus account. As a tax advisor, identify the types of taxes XYZ Ltd is exposed to on the above arrangement.

(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Dividend tax, Stamp Duty
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2017

PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities

Explanation of the tax implications of transferring retained earnings to share capital, including deemed dividend tax and stamp duty.

Question

A Nigerian investor (Niger Ltd) in Ghana has the following information relating to its business:

Year	Revaluation Reserves (GH¢)	Share Capital (GH¢)	Retained Earnings (GH¢)
2021	250,000	1,000,000	1,200,000
2020	100,000	600,000	1,350,000

Required:
With relevant computations, comment on the tax implication of the transfer from Retained Earnings to Share Capital. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Deemed Dividend, Retained Earnings, Share Capital, Stamp Duty
Level: Level 2

Topic: Corporate Tax Liabilities
Series: DEC 2023

PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities

Explanation of the tax implications of transferring retained earnings to share capital, including deemed dividend tax and stamp duty.

Question

A Nigerian investor (Niger Ltd) in Ghana has the following information relating to its business:

Year	Revaluation Reserves (GH¢)	Share Capital (GH¢)	Retained Earnings (GH¢)
2021	250,000	1,000,000	1,200,000
2020	100,000	600,000	1,350,000

Required:
With relevant computations, comment on the tax implication of the transfer from Retained Earnings to Share Capital. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Deemed Dividend, Retained Earnings, Share Capital, Stamp Duty
Level: Level 2

Topic: Corporate Tax Liabilities
Series: DEC 2023

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

Question

Required:

Assess the tax implication of this funding arrangement by Management of Kwame Enterprise Ltd.
(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dividend Withholding Tax, Income Surplus, Stamp Duty, Stated Capital
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

Question

Required:

Assess the tax implication of this funding arrangement by Management of Kwame Enterprise Ltd.
(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dividend Withholding Tax, Income Surplus, Stamp Duty, Stated Capital
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

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 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 2017 – L3 – Q3c – Business income – Corporate income tax

Identifying tax exposure on transfer from income surplus to stated capital.

Question

In order to increase its stated capital, XYZ Ltd transferred an amount from its income surplus account. As a tax advisor, identify the types of taxes XYZ Ltd is exposed to on the above arrangement.

(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Dividend tax, Stamp Duty
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2017

AT – Nov 2017 – L3 – Q3c – Business income – Corporate income tax

Identifying tax exposure on transfer from income surplus to stated capital.

Question

In order to increase its stated capital, XYZ Ltd transferred an amount from its income surplus account. As a tax advisor, identify the types of taxes XYZ Ltd is exposed to on the above arrangement.

(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Dividend tax, Stamp Duty
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2017

Question Tag: Stamp Duty

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities

Explanation of the tax implications of transferring retained earnings to share capital, including deemed dividend tax and stamp duty.

You're reporting an error for "PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities"

PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities

Explanation of the tax implications of transferring retained earnings to share capital, including deemed dividend tax and stamp duty.

You're reporting an error for "PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities"

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

You're reporting an error for "TX – May 2019 – L3 – Q1a – Tax planning-+"

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

You're reporting an error for "TX – May 2019 – L3 – Q1a – Tax planning-+"

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 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 2017 – L3 – Q3c – Business income – Corporate income tax

Identifying tax exposure on transfer from income surplus to stated capital.

You're reporting an error for "AT – Nov 2017 – L3 – Q3c – Business income – Corporate income tax"

AT – Nov 2017 – L3 – Q3c – Business income – Corporate income tax

Identifying tax exposure on transfer from income surplus to stated capital.

You're reporting an error for "AT – Nov 2017 – L3 – Q3c – Business income – Corporate income tax"

PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities

Explanation of the tax implications of transferring retained earnings to share capital, including deemed dividend tax and stamp duty.

You're reporting an error for "PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities"

PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities

Explanation of the tax implications of transferring retained earnings to share capital, including deemed dividend tax and stamp duty.

You're reporting an error for "PT – Dec 2023 – L2 – Q4a – Corporate Tax Liabilities"

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

You're reporting an error for "TX – May 2019 – L3 – Q1a – Tax planning-+"

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

You're reporting an error for "TX – May 2019 – L3 – Q1a – Tax planning-+"

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 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 2017 – L3 – Q3c – Business income – Corporate income tax

Identifying tax exposure on transfer from income surplus to stated capital.

You're reporting an error for "AT – Nov 2017 – L3 – Q3c – Business income – Corporate income tax"

AT – Nov 2017 – L3 – Q3c – Business income – Corporate income tax

Identifying tax exposure on transfer from income surplus to stated capital.

You're reporting an error for "AT – Nov 2017 – L3 – Q3c – Business income – Corporate income tax"

Services

Contact Info

Customer

Get In Touch

admin