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Sporting members club was formed in November 2007 but became operational on1 January 2008. For the year ended 31 December 2008. The club did not...

      

Sporting members club was formed in November 2007 but became operational on1 January 2008. For the year ended 31 December 2008. The club did not submit income tax returns. The club manager argued that section 21 of the income Tax Act excluded the club from taxation.
However upon being advised by one of the club members to consult a tax expert on the issue, the manager has approached you for further clarification and has provided the following information
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Answers


Wilfred
a) Circumstances under which members club are taxed If the collection from the members is less than 75%

b) The club is liable to pay taxes
club325220191051.png
Wilfykil answered the question on February 25, 2019 at 06:52


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