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Q_id : 188    Capital Allowances


balancing charge and trade receits

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Country Kenya
 
Q_id : 187    Tax Disputes


Juakali Ltd is a limited liability company registered in Kenya and is the business of selling spare parts in Kirinyaga Road within Nairobi County. He was issued with a pre- assessment of Kshs.2,000,000.00 after variances were noted between the declared sales in the VAT3 and Income Tax returns and the audited accounts for the period January to December 2017. The financial statements of the taxpayer for the period prior to 2017 was Kshs.6,365,102.00.Th
e additional assessments were issued and the Taxpayer objected to the same and an objection decision was thereafter issued by the Authority.
The Taxpayer filed a case at the Tribunal and argued that they were not eligible to register for VAT in 2017 since their turnover was below 5Million. The Authority argued that the Taxpayers Income tax returns filed by the Taxpayer for the year of income ended December 2017 indicated an income of Kshs.5,054,596.00 hence the justification to proceed and charge VAT.
a) Was the Authority justified in its decision? Explain.
b) What would be KRA justification in this case?
c) Write a detailed Judgement from the above facts on how the Tax Appeal's Tribunal is
likely to rule in the above tax dispute

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Country Kenya
 
Q_id : 186    Accounting


What is the best depreciation shedule for assets in Kenya.

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Country Kenya
 
Q_id : 185    Business Tax


Does one pay Output tax on motor vehicle sales on top of VAT & Duty already paid during import?

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Country Kenya
 
Q_id : 184    Tax Procedure Act 2015


Transaction that a company can enter with an aim for tax evasion

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Country Kenya
 
Q_id : 183    Tax Procedure Act 2015


Transaction that a company can enter with an aim for tax evasion

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Country Kenya
 
Q_id : 182    none


Transaction which a company can enter into and is considered that the only reason it did so was to be unable to satisfy a current or future tax

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Country Kenya
 
Q_id : 181    Tax Procedure Act 2015


Outline the contrast between default assessment and advance assessment in the Tax assessments section 29 and section 30

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Country Kenya
 
Q_id : 180    Tax Procedure Act 2015


Contrast between default assessment and advance assessment in kenya

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Country Kenya
 
Q_id : 179    Tax Procedure Act 2015


Contrast between default assessment and advance assessment

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Country Kenya
 
Q_id : 178    Value Added Tax


Goods and services that are exempt from VAT

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Country Kenya
 
Q_id : 177    none


Instances a supply is Deemed under vat act

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Country Kenya
 
Q_id : 176    none


Why is sin tax is levied to mitigate the effects of the consumption of excisable products

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Country Kenya
 
Q_id : 175    none


Excise has been referred to as"sin tax"and is levied to mitigate effects of the consumption of excisable products.Discuss.

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Country Kenya
 
Q_id : 174    none


Excise has been referred to as"sin tax"and is levied to mitigate effects of the consumption of excisable products.Discuss.

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Country Kenya
 
Q_id : 173    none


Excise has been referred to as"sin tax"and is levied to mitigate effects of the consumption of excisable products.Discuss.

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Country Kenya
 
Q_id : 172    none


when calculating tax on gratuity which years tax rate do you use?

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Country Kenya
 
Q_id : 171    Business Tax


A SACCO has the following sources of Income.
1. Interest income from the SACCO's own BOSA operations.
2. Dividend income from an insurance company and a listed Commercial Bank.
How are we supposed to treat the above income when computing Income Tax for the SACCO?

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Country Kenya
 
Q_id : 170    none


Describe tax incentives available for a mining company in

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Country Kenya
 
Q_id : 169    Value Added Tax


if a supplier of a vatable good does not charge me VAT, am i obligated to pay?can i be accused of abbeting tax evasion?

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Country Kenya
 
Q_id : 168    none


what does state country mean in international taxation

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Country Kenya
 
Q_id : 167    Income Tax Bill 2018


Hi,

Is WTAX for non-residents due if a non-resident organization(Europea
n) wants a resident Kenyan company to disburse funds to non-residents(Africa
n)?

Are these payments deemable as income derived or accrued in Kenya?

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Country Kenya
 
Q_id : 166    none


Hi,
Are imported Meters from China Vatable?

Thanks and Regards,
Josephine

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Country Kenya
 
Q_id : 165    Other


What are the contributions of the evolution of taxation in the grand narratives of the Philippines?

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Country
 
Q_id : 164    Tax Offences


If you import a car today in Kenya, you are likely to pay an amount equal to the purchase price or more as taxes to the Kenya Revenue Authority (KRA), thanks to the exorbitant tax regime.

For instance, if the purchase price of a car is Ksh5 million, you will need at least Ksh5 million to clear the vehicle at the port, making it an expensive affair to own a car in the country.

In one instance, the ownerof Ndovu Cement imported a brand new Lamborghini Urus into the country at a cost of Ksh26 million. For clearance and registration in the country, KRA asked for the same amount of money, making it hard for the owner to register the vehicle in the country.

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Country Kenya
 
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