Tax Trivia

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Tax Trivia

Tax Trivia

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

Capital gains tax

Property developer’s tax

Excise tax

Income tax

#2. What is the maximum allowable deduction for contributions made by employees to registered pension schemes?

Sh. 300,000 per annum

Sh. 240,000 per annum

Sh. 150,000 per annum

Sh. 200,000 per annum

#3. The advance tax payable for a 20 ton truck is

Sh. 24,000

Sh.60,000

Sh.30,000

Sh.48,000

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Tax Trivia

Tax Trivia

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

#2. What is the maximum allowable deduction for contributions made by employees to registered pension schemes?

#3. The advance tax payable for a 20 ton truck is

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