Get premium membership and access questions with answers, video lessons as well as revision papers.

Mbale Ltd. has not paid tax for a number of years. As a tax consultant, advise the Finance Manager of Mbale Ltd. on four actions...

      

Mbale Ltd. has not paid tax for a number of years. As a tax consultant, advise the Finance Manager of Mbale Ltd. on four actions that the revenue authority could take against the company for recovery of overdue tax.

  

Answers


Wilfred
(i) The commission has power to put a caveat on a taxable person‘s property
(ii) The commission has power to cease goods of a taxable person for recovery of tax.
(iii) The commission has power to tax direct from a customer of a taxable person.
(iv) A tax officer has powers to enter premises without warrant and examine any records or any books kept there.
(v) The officer can take a sample of goods of a taxable person without any payment
Wilfykil answered the question on February 15, 2019 at 07:36


Next: Explain the following terms as used in taxation: i) Specific custom duty ii) Ad valorem custom duty
Previous: Highlight five circumstances under which customs duty paid might be refunded

View More CPA Taxation Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions