1.Withholding Tax (WHT) is a method used to collect Income Tax in advance
2.Value Added Tax (VAT) is generally charged at the rate of
Please note that the next question will be on saturday 15th of October 2022 at 8am.
8 thoughts on “George Etomi Prize 2022- Question 2”
1. A True
2. B 7.5
1. A – It is used as an advance payment to offset or reduce income tax liability of a taxpayer for the relevant year of assessment.
The answer is
A and B
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