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Taxation development and understanding final exam at east African international college

I. Say TRUE if the statement is correct and False if it is incorrect

1) The tax office has reliable easily identifiable tax payers registration system.
2) The TIN system provides the foundation for the tax administration to independently identify tax
payer.
3) The proclamation obliged by any tax payers to have a tax identification number.
4) The income tax authority does not accept submitted books.
5) The indirect tax is the impact incidence fall on the some person.
6) With holding of tax is a tax on an income which is required to be with held by the with holding
agent.
7) The taxable business income shall be determined per tax proid on the bases of the profit and
loss not account.
8) The determination of businesses not income subject to tax in Ethiopia.
9) The direct cost of producing the income such as the direct cost of manufacturing.
10) The tax imposed on the income form rental of buildings.

II. Choose the correct answer from the given alternatives.

1. The producere for the assessment of business income tax takes two forms?

A. Assessment by books of accounts

B. Number of TIN

C. Assessment by estimation D. A&C E. All

2. Which of the following is TRUE about tax authority of assessing taxes?

A. Payroll B. Write_offs. C. duty tax D. All

3. A person who pay or collect tax on any activity carried on continuously or regular in Ethiopia?
A. Whole or partily B. high rate of taxation C. Tax evasion D. All

4. Which statement is TRUE about cause of tax evasion?

A. Complexity of tax law B. Lack of integrity C. Tax avoidance D. All

5. The minimum excis tax rate applied to accessable goods is :-

A. 10% B. 100% C. 15% D. 30%

6. A company cooperation is a voluntary association of persons recognized by law?

 A. Name B. Commonseal C. Awards D. A&B. E. None

7. The stamp duty is payable on create in ( 13 items) .

A. Legal and financial instrument B. Illegal financial C. All D. None

8. What is the example of stamp duty?

A. Bond B. Award C. Instrument D. All

9. What is collective agreements? A. Employees organizations B. Limited or extended C. Person

authorized D. All

10. What is the example of assessing of dedications?

A. Capital losses B. Investments C. Foreign D. Tax offsets E. All

III. Matching

A. B.

1. Assessing income. A. Employment

2. Company. B. Double taxation

3. Cooperation effect taxes. C. Limited liability

4. Assessment notification. D. Profits and. Losses

5. Financial adjustments. E. Taxable income

IV. Give short answer and precise for the following questions.

1. Write the main types of cause of tax evasion

2. Write at least three direct tax

3. Define the indirect tax

4. Explain the purpose of TIN

5. Write the main types of tax rate at least four.

Set by Desale Jofe