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Advanced Taxation Revision Kit – Past exam questions and answers for kasneb CPA course.
This revision kit consists of kasneb past paper questions and their suggested answers to act as a revision guide for those students taking kasneb courses.
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TOPIC 1
TAXATION OF PARTNERSHIP BUSINES
QUESTION 1
August 2023 Question Two A
E and K commenced trading as partners under the name EK Enterprises on 1 January 2022. They share profits and losses equally and were entitled to receive monthly salaries of Sh.240,000 and Sh.288,000 for E and K respectively. The partnership did not maintain a complete set of accounting records. The following is a summary of the partnership’s bank statement for the year ended 31 December 2022:
Bank Statement Summary | |||
Receipts | Payments | ||
Sh. “000” | Sh. “000” | ||
Capital introduced: E | 42,000 | Office equipment | 22,500 |
K | 30,000 | Salaries and wages | 10,680 |
Cash sales | 122,400 | Godown rent | 4,500 |
Dividend: Weka Co-operative Society (net) | 20,400 | Payment to suppliers | 118,800 |
Receipts from debtors | 62,400 | Repairs and maintenance | 5,320 |
Insurance | 750 | ||
Interest paid | 7,344 | ||
Motor vehicle expenses | 2,022 | ||
General expenses | 2,616 | ||
Delivery van acquired | 36,000 | ||
Fines and penalties | 780 | ||
Electricity bill | 540 | ||
Medical expenses | 7,560 | ||
______ | Balance carried forward | 57,788 | |
277,200 | 277,200 |
Additional information:
- As at 31 December 2022, the partnership owed suppliers Sh.9,360,000 while the amount owed by customers was Sh.10,740,000.
- Rebate received from suppliers amounted to Sh.1,590,000 and discount allowed to customers amounted to Sh.1,416,000.
- Bad debts amounted to Sh.984,000 out of which Sh.240,000 relate to a loan advanced to E that was overdue.
- Closing stock was valued at Sh.7,440,000 as at 31 December 2022.
- Salaries and wages include salary to the partners for the year.
- Included in the interest expense is interest on partners’ capital contribution at the rate of 8% per annum.
- The annual rent for the godown was Sh.5,400,000.
- As at 31 December 2022, electricity and insurance owing amounted to Sh.300,000 and Sh.153,600 respectively.
- The following payments were made in cash from cash sales before banking:
Sh. | |
Motor vehicle expenses (per annum) | 1,656,000 |
Wages (per annum) | 1,944,000 |
Sundry expenses (per annum) | 420,000 |
Weekly drawings: E | 86,400 |
K | 46,800 |
(Assume 52 weeks in a year).
Required:
(i) Compute the adjusted partnership profit or loss for the year ended 31 December 2022.
(8 marks)
(ii) Distribute the profit or loss to the partners and thus ascertain the taxable income for each partner. (3 marks)
ANSWER
W1:
Interest on capital | E 8% × 42000 = | 3,360 |
K 8% × 30,000 = | 2,400 | |
5,760 |
W2:
Total cash sales Bank | 122,400 |
Note 9 | 10,846.44 |
133,346.4 |
W3:
Debtors A/c | |||
Balance b/d | 0 | Discount | 1,416 |
Credit sales | 75,300 | Bad debt | 744 |
Receipt | 62,400 | ||
_____ | Balance c/d | 10,740 | |
75,300 | 75,300 |
W3:
Creditors A/c | |||
Discount | 1,590 | Balance b/d | 0 |
Payment | 118,800 | Purchases | 129,750 |
Balance c/d | 9,360 | ______ | |
129,750 | 129,750 |
EK Enterprises
Computation of taxable profit or loss For the year ended 1 Dec 2022 |
|
Sh 000 | |
Sales – Cash sales | 133,346.4 |
– Credit sales | 75,300 |
Total sales | 208,646.4 |
Cost of sales | |
Opening stock 0 | |
Purchases 129,750 | |
Closing stock (7,440) | (122,310) |
Gross profit | 86,336.4 |
Discount received | 1,590 |
Less: allowable expenses | |
Salaries & wages 10,680 + 1,944 – 2,880 – 3,456) | (6,288) |
Bad debt | (744) |
Discount allowed | (1,416) |
Rent | (5,400) |
Repair | (5,320) |
Insurance 750 + 153.6 | (903.6) |
Interest (7,344 – 5,760) | (1,584) |
Motor vehicle expenses (2,022 + 1,656) | (3,678) |
General expenses | (2,616) |
Electricity (540 + 300) | (840) |
Medical expenses | (7,560) |
Sundry expenses | (420) |
Capital allowances: Office equipment 10% × 22,500 | (2,250) |
: Delivery van 25% × 36,000 | (9,000) |
Taxable profit | (39,906.8) |
E | K | Total | |
Salary (240 × 12) | 2,880 | 3,456 | 6,336 |
Interest on capital | 3,360 | 2,400 | 5,760 |
Profit share | 13,905.4 | 13,905.5 | 27,810.8 |
Taxable profit | 20,145.4 | 19,761.4 | 39,906.8 |
Dividend income(20,400 ÷ 0.85) | 12,000 | 12,000 | |
Adjusted taxable income | 32,145.4 | 31,761.4 |
QUESTION 2
August 2023 Question Five C(i)
Johnson Shauri has not been maintaining proper books of accounts since the inception of his business in year 2019. The following balances were obtained from the available business records for the four year period ended 31 December 2022:
31 December | 31 December | 31 December | 31 December | ||
2019 | 2020 | 2021 | 2022 | ||
Sh.“000” | Sh.“000” | Sh.“000” | Sh.“000” | ||
Leasehold property | 11,760 | 11,760 | 11,760 | 11,760 | |
Motor vehicles | 5,040 | 4,720 | 9,360 | 10,760 | |
Furniture | 864 | 864 | 864 | 864 | |
Bank overdraft | 1,288 | 1,400 | 1,210 | 1,115 | |
Loss on sale of investment | – | 100 | – | – | |
Accounts receivable | 432 | 504 | 408 | 600 | |
Mortgage loan | 2,080 | 1,840 | 1,620 | 1,500 | |
Inventory | 620 | 572 | 482 | 520 | |
Computers | 620 | 720 | 840 | 720 | |
Bank account | 240 | 268 | 272 | 286 | |
Personal clothes and effects | 60 | 80 | 100 | 120 | |
The following additional information was obtained:
- Drawings of goods and provision for taxation for the year 2019 were Sh.600,000 and Sh.360,000 respectively and has been accumulating at a rate of 10% annually.
- Capital allowances were agreed at a total of Sh.920,000 for each of the four years.
- Donations to a political party in the year 2020 amounted to Sh.142,000.
- Gifts from relatives for the year 2021 were Sh.840,000.
- Contingent liability in respect of a pending court case in the year 2022 was Sh.1,000,000.
- Rent paid on behalf of a close friend was Sh.605,000 in the year 2022.
- Living expenses were estimated at Sh.800,000 in the year 2019 and had been increasing at the rate of 15% cumulatively each year.
Required:
(i) Compute the taxable income or loss of Johnson Shauri for the three-year period ended 31 December 2020, 2021 and 2022. (10 marks)
ANSWER
Johnson shauri
Capital statement for 3 years ended 31 Dec 2020 , 2021,2022 |
||||
2019
Sh 000 |
2020
Sh 000 |
2021
Sh 000 |
2022
Sh 000 |
|
Total assets | 19,636 | 19,488 | 24,086 | 25,630 |
Total liabilities | (3,368) | (3,240) | (2,830) | (2,615) |
Net asset | 16,268 | 16,268 | 21,256 | 23,015 |
Growth income | – | (20) | 5,008 | 1759 |
Drawing of goods | – | 660 | 726 | 798.6 |
Provision for tax | – | 396 | 435.6 | 479.16 |
Donation | – | 142 | – | – |
Contigent liability | – | – | – | 1,000 |
Private rent | – | – | – | 605 |
Living expenses | – | 920 | 1,058 | 1,216.7 |
Less: capital allowance | – | (920) | (920) | (920) |
Gift from relatives | – | – | (840) | – |
Taxable income | 1,178 | 5,467.6 | 4,936.46 |
QUESTION 3
April 2023 Question One B
Sema and Tena are partners running a small hardware business in your town. They are facing a tax audit by the Revenue Authority for failure to maintain complete records. They have approached you to assist them in ascertaining the taxable profit or loss for the year ended 31 December 2022.
The following information has been provided to you:
- The partnership deed provides that:
- Profits and losses will be shared in the ratio of 2:1 for Sema and Tena respectively.
- Each partner will be entitled to a monthly salary of Sh.90,000 and a bonus to be agreed from time to time.
- Partners would be allowed to withdraw up to Sh.250,000 in cash with no interest. Any excess cash withdrawals would be subject to interest at the rate of 12% per annum.
- No interest is charged on withdrawal of goods by partners.
- On 1 September 2022, the partners admitted Vuna and the profit and loss sharing ratio was revised to equal basis for the three partners. Vuna was entitled to interest on capital like the other partners at the rate of 10% per annum. She was not entitiled to any salary or bonus for the year ended 31 December 2022.
- Extract of account balances were as follows:
31 December 2022 | 31 December 2021 | |
Sh. | Sh. | |
Accrued bonus due to partners | 1,000,000 | 900,000 |
Inventory | 350,000 | 260,000 |
Accounts payable | 3,000,000 | 2,600,000 |
Prepaid advertising | 210,000 | 440,000 |
Outstanding electricity bill | 26,000 | 20,000 |
Accounts receivable | 3,900,000 | 2,700,000 |
Accrued salaries and wages (excluding partners salaries) | 510,000 | 230,000 |
Accumulated depreciation | 700,000 | 440,000 |
Capital: Sema | 720,000 | 720,000 |
Tena | 480,000 | 480,000 |
Vuna (Admitted 1 September 2022) | 540,000 | – |
- Extracts of cash payments during the year were as follows: Sh.
Paid to suppliers of goods for resale | 9,000,000 |
Bonus paid to partners shared equally | 1,300,000 |
Cash withdrawn: Sema | 300,000 |
Tena | 350,000 |
Loan interest | 48,000 |
Advertising | 250,000 |
Salaries and wages (including partners salaries) | 4,390,000 |
Motor vehicle expenses | 340,000 |
Electricity | 90,000 |
Computer software | 70,000 |
Purchase of office equipment | 62,000 |
Employee welfare costs | 300,000 |
- Receipts channeled through the bank account were as follows: Sh.
Proceeds from sale of computers 55,000
Royalty income (net of withholding tax) 380,000
Credit sales 15,600,000
- Cash purchases and cash sales amounted to Sh.900,000 and Sh.2,400,000 respectively and were value added tax (VAT) inclusive.
- The partners had withdrawn goods for personal use as follows: Sh.
Sema 210,000
Tena 70,000
No entries were made in the books to record these withdrawals.
- Hardware goods valued at Sh.60,000 were destroyed in a flood in July 2022. The insurance company agreed to pay Sh.40,000 as compensation but by 31 December 2022, the amount had not been received.
- Assume that revenues and expenses accrued evenly throughout the year, unless otherwise specified.
Required:
(i) Prepare a statement of taxable profit or loss of the partnership for the year ended 31 December 2022. (11 marks)
(ii) A schedule showing allocation of the profit or loss to the partners for the year ended 31 December 2022. (5 marks)
(Total: 20 marks)
ANSWER
Workings:
W1
Receivable account | |||
Balance b/d | 2,700,00 | Receipt | 15,600,000 |
Credit sales | 16,800,000 | ||
_________ | Balance c/d | 3,900,000 | |
19,500,000 | 19,500,000 |
W2
Creditors a/c | |||
Payment | 900,000 | Balance b/d | 2,600,000 |
300,000 | Credit purchases | 9,400,000 | |
1,200,000 | 1,200,000 |
W3
Total purchases | |
Credit purchases | 9,400,000 |
775,862 | |
Cash purchases 900,000 × 100/116 | 10,175,862 |
W4
Total sales | |
Credit sales | 16,800,000 |
Cash sales 2,400,000 × 100/116 | 2,068,966 |
18,868,965 |
W6
Wages and salaries | |
Paid for the year (4,390,000 – 2,160,000) | 2,230,000 |
Add: Accrued balance c/d | 510,000 |
Less: Accrued balance c/d | (230,000) |
2,510,000 |
- i) Statement of taxable profit or loss of the partnership for the year ended 31 December 2022
Sema, Tena,Vuna
Computation of taxable profit of loss For the year ended 31 Dec 2022 |
||
Sh | ||
Sales (W4) | 18,868,965 | |
Cost of sales | ||
Opening stock | 260,000 | |
Purchases (W3) | 10,175,862 | |
Less: Goods withdrawn (210+70) | (280,000) | |
Goods destroyed | (60,000) | |
Less: Closing stock | (350,000) | (9,745,862) |
Gross profit | 9,123,103 | |
Add: Insurance compensation | 40,000 | |
Less: Allowable expenses | ||
Loan interest | (48,000) | |
Advertising (250,000 + 440,000 – 210,000) | (480,000) | |
Salaries and wages (W6) | (2,510,000) | |
Meter Vehicle expenses | (340,000) | |
Electricity (90,000 + 260,000 – 2,000) | (96,000) | |
Employee welfare cost | (300,000) | |
loss on stock | (20,000) | |
Wear & tear : Computer software 25% × 70,000 | (17,500) | |
: Equipment 10% × 62,000 | (6,200) | |
Taxable Profits | 5,345,403 |
- ii) Schedule showing allocation of the profit or loss to the partners for the year ended 31 December 2022
Allocation Schedule
Sema | Tena | Vuma | Total | |
Salaries to partners | 1,080,000 | 1,080,000 | – | 2,160,000 |
Interest on capital | 72,000 | 48,000 | 18,000 | 138,000 |
Bonus 1,300 + 100 – 900) | 700,000 | 700,000 | – | 1,400,000 |
Less: Interest on drawings | (6,000) | (12,000) | – | (18,000) |
Profit share 8 months | 740,179 | 370,089 | – | 1,110,268 |
4 months | 185,045 | 185,045 | 185,045 | 555,135 |
Taxable profit | 2,771,224 | 2,371,134 | 203,045 | 5,345,403 |
Add: Payable 380 ÷ 0.95 = 400 | ||||
8 month 400 × 8/12 | 177,778 | 88,888 | – | – |
4 month 400 × 8/12 | 44,444 | 44,444 | 44,444 | |
Adjusted Taxable income | 2,993,446 | 25,044,66 | 247,489 |
Working on profit Share:
5,345,403+ 18,000 – 1,400,000 – 138,000 – 2,160,000 = 1,665,403
8 Months 1,665,403× 8/12 = 1,110,268
4Month 1,665,403 × 8/12 = 555,135
QUESTION 4
December 2022 Question Three A
A, B and C have been trading in a small size partnership sharing profits and losses in the ratio of 2:2:1 respectively. C retired from the partnership on 31 August 2021 while A and B agreed to continue with the business charging interest on capital at the rate of 15% per annum as in the previous period when C was still in the partnership.
Due to the changes in the partnership, goodwill was valued at Sh.1,200,000 and was to be written off immediately. The following trial balance was extracted as at 31 December 2021:
Sh. | Sh. | |
Capital account: A | 1,680,000 | |
B | 1,400,000 | |
C | 840,000 | |
Current account: A | 67,200 | |
B | 56,000 | |
C | 44,800 | |
Drawings: A | 78,400 | |
B | 67,200 | |
C | 56,000 | |
Inventory (1 January 2021) | 252,000 | |
Purchases and sales | 4,200,000 | 7,720,000 |
Discount received | 124,000 | |
Bad debts recovered – general | 193,200 | |
Salaries and wages | 722,400 | |
Legal and professional fees | 1,904,000 | |
Rent and rates | 168,000 | |
Insurance | 70,000 | |
Sundry expenses | 50,400 | |
Trade receivables and payables | 308,000 | 224,000 |
Allowance for doubtful debts | 11,200 | |
Land at cost | 2,800,000 | |
Delivery lorry | 896,000 | |
Depreciation | 448,000 | |
Cash at bank | 676,000 | |
Dividends: Sasa Co-operative Society | _________ | 336,000 |
12,696,400 | 12,696,400 |
Additional information:
- Sales and purchases were inclusive of value added tax (VAT) at the rate of 16%. Cash sales amounted to Sh.358,400 (VAT inclusive) and were excluded from the above accounts.
- The following assets were acquired by the business immediately after retirement of C.
Sh. | |
Computers | 150,000 |
Saloon car | 3,120,000 |
- Legal and professional fees include:
Sh. | |
Stamp duty | 168,000 |
Negotiating a bank overdraft | 158,200 |
Recovery of bad debts | 245,000 |
Signing a 99 year lease agreement | 228,400 |
Purchase of A’s private residence | 350,000 |
Preparation of employment contract | 82,000 |
- Interest on drawings was charged at the rate of 10% per annum.
- Inventory at year end was valued at Sh.364,000 and the partnership had consistently undervalued inventory at each year end by 20%.
- Salary and wages include partners’ salary of Sh.420,000 shared by the partners according to the profit and loss sharing ratio.
- Allowance for doubtful debts was to be increased to Sh.24,800 at year end. Bad debts written off amounted to Sh.40,000 of which Sh.8,000 relates to general bad debts.
- Prepaid insurance at the beginning of the year amounted to Sh.8,000 while insurance owing at year end amounted to Sh13,000.
- Accrued sundry expenses as at 1 January 2021 and 31 December 2021 amounted to Sh.10,000 and Sh.2,000 respectively.
- C was paid all his dues on 15 September 2021. The profits and losses were to be shared equally after C’s retirement.
- Unless otherwise stated, assume that all revenues and expenses accrued evenly throughout the year.
Required:
(i) Prepare a statement of adjusted taxable profit or loss for the partnership for the year ended 31 December 2021. (10 marks)
(ii) Determine the taxable income for each partner. (6 marks)
ANSWER
Workings
Sales = 7,720,000 × 100/116 | 6,655,172 |
Cash sales 358,400 × 100/116 | 308,966 |
Total sales | 6,964,138 |
Purchases 4,200,000 × 100/116 | = 3,620,690 |
Opening stock = 252000 × 100/80 | = 315,000 |
Closing stock = 364,000 × 100/80 | = 455,000 |
i)
AB and C partnership
Computation of taxable profit or loss For the year ended 31 Dec 2021 |
||
Sh | ||
Sales | 6,655,172 | |
Cost of sales | ||
Opening stock | 315,000 | |
Purchases | 3,620,690 | |
Less: Closing stock | (455,000) | (3,480,690) |
Gross profit | 3,174,482 | |
Discount received | 124,000 | |
Less: Allowable expenses | ||
Salaries & Wages (722,400 – 420,000) | (302,400) | |
Legal fees (1,904,000 – 16,800 – 158,200 – 350,000 | (1,227,800) | |
Rent and rates | (168,000) | |
Insurance 70,000 + 8,000 + 13,000 | (91,000) | |
Sundry expenses 50, 400 + 2,000 – 10,000 | (42,400) | |
Bad debt written off (40,000-8000) | (32,000) | |
Wear and tear allowance | ||
Lorry 25% × 896,000 | (224,000) | |
Computer 25% × 150,000 | (37,500) | |
Saloon car 25% × 30,000 | (750,000) | |
Taxable profit | (423,382) |
ii)
Partner allocation schedule | ||||
A | B | C | Total | |
Salaries – 8 months 280,000 | ||||
– 4 months 140,000 | 70,000 | 70,000 | – | 140,000 |
Interest on capital – 8 months | 168,000 | 140,000 | 84,000 | 392,000 |
4 months | 840,000 | 70,000 | – | 154,000 |
Interest on drawings 8 months | (5,227) | (4,480) | (3,733) | (13,440) |
4 months | (2,613) | (2,240) | – | (4,853) |
Loss share – 8 months | (139,820) | (139,820) | (69,910 | (349,550) |
4months | (87,387.5) | (87,387.5) | _______ | (174,775) |
Profit | 198,952.5 | 158,072.5 | 66,357 | 423,382 |
Add: Dividend income | ||||
8 months 224,000 | 89,600 | 89,600 | 44,800 | |
4 months 112,000 | 56,000 | 56,000 | – | |
Adjusted taxable profit | 344,552.5 | 303,672.5 | 111,157 |
KASNEB SYLLABUS
PAPER NO. 16 (S1) ADVANCED
TAXATION UNIT DESCRIPTION
This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to solve complex tax issues, implement tax planning initiatives and administer tax in various business environments.
LEARNING OUTCOMES
A candidate who passes this paper should be able to:
• Compute the tax liability of enterprises, entities and specialised business activities.
• Handle all value added tax matters
• Apply the procedure for conducting a tax investigation
• Explain the tax dispute resolution mechanism
• Explain the tax implications for cross border business activities.
• Develop tax policies
CONTENT
1. Taxation of business income and specialized business activities
1.1 Partnership business
1.1.1 Admission of a new partner and retiring partners during the year
1.1.2 Conversion of partnerships into liability companies
1.1.3 Incomplete records pertaining to partnership businesses
1.1.4 Case law on taxation of partnership businesses
2. Limited companies
2.1 Taxation of companies, including holding company, subsidiaries, branches and related parties
2.2 Incomplete records pertaining to limited companies
2.3 Minimum tax
2.4 Shortfall tax computation
2.5 Taxation of dividends
2.6 Case law on taxation of limited companies
2.7 Rental income, including residential rent income, Commercial rent income and Real estate investment trusts (REITS)
2.8 Charitable institutions
2.9 Leasing entities, including hire purchase lease agreements
2.10 Co-operative societies, Saccos
2.11 Trade associations, amateur sporting association and clubs
2.12 Trust bodies, settlements and estates under administration
2.13 Financial institutions: Banks, insurance companies
2.14 Sea and air transport undertakings
2.15 Collective investment schemes
2.16 Professional, training, management, agency, and consultancy fees
2.17 Property developers and contractors
2.18 Taxation of extractive industries
2.19 Capital gain tax
2.20 Digital service tax
2.21 Application of relevant case law
3. Value added tax administration
3.1 Obligations of a taxable person and offences relating to VAT
3.2 Value added tax computation
3.3 Restriction of input tax claimable
3.4 Imported services and VAT withholding agents
3.5 VAT refunds and bad debt relief computation
3.6 VAT Accountant certificate
3.7 Value added tax automated assessments
3.8 I tax significance and application in value added tax administration
3.9 Application of relevant case law
4. Tax investigations
4.1 Tax fraud
4.2 Civil and criminal tax investigation
4.3 Events which may trigger an investigation
4.4 Back duty and in-depth examination
4.5 Customs and excise investigations
4.6 Negotiation for settlement: Tax amnesty, Tax Penalties and Enforcement for outstanding taxes
4.7 Types of tax audit and their significance
4.8 Application of relevant case law
5. Tax dispute resolution mechanism
5.1 Tax disputes
5.2 Stages of tax dispute resolution process
5.3 Tax dispute resolution process cycle
5.4 Legal framework and objectives of Alternative Dispute Resolution
5.5 Types of tax disputes eligible for Alternative Dispute Resolution
5.6 Benefits of Alternative Dispute Resolution
5.7 Parties to Alternative Dispute Resolution and their roles
5.8 Issues exempted from Alternative Dispute Resolution
5.9 Alternative Dispute Resolution agreement terms and timelines
5.10 Termination of alternative dispute resolution
6. Taxation of cross border activities
6.1 Distinction between trading in and trading with a country
6.2 Double taxation agreements; theory, design and application
6.3 Regional perspective with reference to the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA)
6.4 Most favored nation status
6.5 Nature, characteristics and significance of One Stop Border Posts (OSBPs)
6.6 Generalized system of preference and AGOA
6.7 Tax havens and treaty shopping
6.8 Tax information exchange agreements (TIEAS)
6.9 Transfer pricing: oecd guidelines
6.10 Application of relevant case law
7. Tax planning
7.1 Tax planning for individuals: By way of Tax exempt activities, transactions that are allowable expenses and transactions attracting tax setoffs
7.2 Tax planning for body corporates
7.3 Identifying opportunities to alleviate, mitigate or defer the impact of direct or
7.4 indirect taxation
7.5 Evaluating remuneration packages
7.6 Tax avoidance and anti-tax avoidance provisions in the tax Act, short-fall distributions of dividends
7.7 Sectoral tax incentives
7.8 Disposal of business operations and restructuring of activities
7.9 Tax risk management
8. Tax systems and policies
8.1 Types of tax systems
8.2 Role of taxation in economic development; tax base expansion, efficiency in tax systems
8.3 Design of a tax policy
8.4 Criteria for evaluation of a tax system
8.5 Tax reforms and modernisation of tax systems under various Acts
8.6 KRA structure – Large Tax Payer and Medium Tax Payer organisations
9. Professional practice in taxation
9.1 Forms of tax practice and matters relating thereto
9.2 Matters relating to new clients
9.3 Handling of client work
9.4 Disclosures in tax returns, computations and correspondence with the Revenue Authority
9.5 Moral and ethical issues in taxation
9.6 Tax agents, appointment, obligations, professional liability
9.7 Cancellation of tax agents license
9.8 Role of tax agents in appeals procedure
9.9 Tax health check