Purpose of Import declaration form

Import declaration form Import declaration form is a form supplied by the customs department for the importer to fill in order to ensure that: He declares/shows the goods he is importing, and that He indicates the correct value of the goods he is importing Show country of origin and destination Name/address of importer and exporter

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With the introduction of the self-assessment system in 1992, the Commissioner of Income Tax does not raise assessments or send notices to taxpayers except in two circumstances. Explain these two circumstances

Three circumstances under which CIT can send notices or raise assessments: A person has not submitted a return of income and the CIT considers that the person has income chargeable to tax for that years CIT considers that a person has been assessed or has assessed himself at a less amount in relation to income

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Reverse charge

Reverse charge This refers to VAT charged on imported services. The VAT in this case is paid by the person importing the service since the provider of the service is outside the scope of VAT. The importer of the service also claims the tax paid as input tax.

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What problems are experienced in attempting to achieve justice in taxation? Support your answer with the four main theories which explain why it is difficult to exercise justice in taxation

Problems in achieving justice in taxation Recommendations: Distribution of taxation can be considered and treated as payment for public services and a payment equal to the cost of the services rendered. People can pay tax in proportion to benefits derived from the state activity. Sacrifice by the tax-payer should be taken into account. Problems experienced:

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Taxation of members’ clubs

Provided ¾ or more of club income (i.e. entrance fees and subscriptions) comes from members, the club income will not be taxable. This excludes investment income such as dividends, interest and rent. They pay tax at corporate tax rate.

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