Advanced-Taxation-accounting-homework-help
QUESTION ONE
(a) Distinguish between the tax treatment of rent income on resident and non-resident individuals.
( 4 marks)
(b) With reference to the Customs and Excise Act (Cap.472), write short notes on the following:
(i) Import declaration form. ( 4 marks)
(ii) Clean report of findings. ( 2 marks)
(iii) Four categories of goods liable to forfeiture to the Customs Department.( 4 marks)
(iv) Four privileged persons or institutions exempted from pre-shipment inspection of imports.
( 4 marks)
(c) Identify and briefly explain the operation of any two instruments of fiscal policy. ( 4 marks)
(Total: 20 marks)