Consult the relevant proclamations and regulations to discuss elaborately how the following types of income are taxed in Ethiopia Royalties Income from rendering of technical services Income from game of chance Income from Dividends Income from casual rental of property Interest income on deposits Gain on transfer of certain investment
Consult the relevant proclamations and regulations to discuss elaborately how the following types of income are taxed in Ethiopia Royalties Income from rendering of technical services Income from game of chance Income from Dividends Income from casual rental of property Interest income on deposits Gain on transfer of certain investment
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Consult the relevant proclamations and regulations to discuss elaborately how the following types of income are taxed in Ethiopia
Royalties
Income from rendering of technical services
Income from game of chance
Income from Dividends
Income from casual rental of property
Interest income on deposits
Gain on transfer of certain investment property
2. Briefly discuss the procedure for withholding income tax on payments
3. Describe briefly the tax declaration and assessment procedures for category A and category B business income tax payers.
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