Tax Trivia

 

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

#2. 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

#3. The VAT classification of transfer of a business as a going concern is ? Was initially exempt but now taxed under TLAA 2020

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