Advanced-Taxation-accounting-homework-help

QUESTION ONE

(a) Distinguish between the tax treatment of rent income on resident and non-resident individuals.

( 4 marks)

(b) With reference to the Customs and Excise Act (Cap.472), write short notes on the following:

(i) Import declaration form. ( 4 marks)

(ii) Clean report of findings. ( 2 marks)

(iii) Four categories of goods liable to forfeiture to the Customs Department.( 4 marks)

(iv) Four privileged persons or institutions exempted from pre-shipment inspection of imports.

( 4 marks)

(Total: 20 marks)