1.Withholding Tax (WHT) is a method used to collect Income Tax in advance
A. True
B. False
2.Value Added Tax (VAT) is generally charged at the rate of
A. 5%
B. 7.5%
C. 10%
D. 15%
Please note that the next question will be on saturday 15th of October 2022 at 8am.
1) A
2) B
1. A True
2. B 7.5
1. A
2.B
1. A
2. B
1. A
2. B
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.
2. B
1.A
2.B
The answer is
A and B