Tax Trivia
#1. A Resident person is subject to Turnover tax (TOT) if the turnover for a given year is
#2. The VAT classification of maize flour is ? VAT act 2013 (second schedule 13)
#3. Lilly had the following profits and losses for the year 2018. i. Profits from salon business 400,000 ii. Farming loss (100,000) iii. Directors allowance 300,000 iv. Insurance compensation for her car 200,000 What is her taxable income for the year?
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