Tax Trivia

#1. Mashamba Ltd Buys huge parcels of land then subdivides for resale. Which tax is chargeable on their transactions?

#2. Manyumba Ltd collects monthly rent of Sh. 200,000 from its stalls in town. The applicable tax rate is

#3. Taylor Ltd deducts Sh. 100,000 withholding tax on professional services offered by Karan consultants in the month of July 2020. The withholding tax is remitted on 17th August 2020. The late payment penalty shall be

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