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- Stating or implying that the member of a professional body represents a person that the member does not represent, for instance as a way to win new clients.
- Disclosing confidential information about a client.
- Offering or giving anything of value to an individual to induce that individual to take any action, favorable or unfavorable to a client.
- Paying, retaining or accepting a share of a fee or other monetary compensation for the referral of a person to another for the provision of tax services.
- Soliciting a tax assignment by assuring a specific result to the client.
- Initiating or pursuing an appeal, protest or refund claim on behalf of a client for which there is no basis in fact or in law.
- Failure to exercise independent judgement.
- Use of a false statement of/professional qualification to win a client or for any other purpose.
- Using client references without their authority.
- Having, acquiring or seeking a personal Interest in a matter that is adverse to the interests of a client or employer.
- Engaging in conduct that discredits the professional body.
Wilfykil answered the question on February 26, 2019 at 06:28
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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You have been approached by Mr. Kenneth Kamau, seeking your assistance in the computation of his tax liability for the year ended 31 December 2001. He has provided you with the following information:
Mr. Kamau works for Chip.com Ltd. as the technical director. During the year ended 31 December 2001, he received the following emoluments:
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ii) Determine tax payable and specify when it is to be paid.
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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Date posted: February 26, 2019. Answers (1)
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Kamere Ltd. commenced manufacturing operations on 1 January 2003. The management of the company has prepared the following financial statement for the year ended 31 December 2005.
Balance sheet as at 31 December 2005
Additional information:
1. Non-current assets are stated net of depreciation including for year 2005. It is the policy of the company to charge depreciation at 20 % per annum on a straight line method.
2. The company has not claimed capital allowance since it commenced operations.
3. The company's reported taxable profits for the year ended 31 December 2003 and 2004 were sh.8,000,000 andsh.6,400,000 respectively
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8. The loan was received on 1 January 2005 and is subject to interest at the rate of 8% per annum
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Date posted: February 26, 2019. Answers (1)
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The Kenya Revenue Authority ("KRA") is geared towards a function-based organization rather than one structured along the types of taxes. This is evidenced by the integration of VAT, Income Tax and Excise departments into the Domestic Department. Asses the likely benefits and drawbacks to KRA arising from this integration
Date posted: February 26, 2019. Answers (1)