Discuss three practical problems experienced by a U.S citizen in complying with the VAT Act. Suggest ways in which these problems can be overcome.

A person who is registered for VAT must maintain certain records to satisfy the VAT regulations. Give ten examples of such records that must be kept.

An underdeveloped country is planning to be a newly industrialized country by the year 2030 A.D. What obstacles are likely to impede the achievement of this […]

For your unknown, you should find all of the following information before your start writing your report: Gram reaction Shape and arrangement of organism Catalase test […]

One of the determinants of demand for a commodity is advertising. Required: (i) Explain the extent to which advertising influences demand. (5 marks) (ii) State the […]

Assume there are 10,000 identical individuals (consumers) in the market for commodity x each with a demand function given by Qdx = 12 – 2Px and […]

(a) Make a distinction between fixed and variable costs of production. Give examples of each. (5 marks) (b) In a perfectly competitive market the average revenue […]

Jenga Engineers and Associates is a firm of engineers and designers. In the year of income 2005 they earned professional fee of Sh.7,500,000 before VAT. Their […]

Write brief notes on the following: i) Stamp duty; ( 6 marks) (ii) Tax matters relating to Export Processing Zones. ( 6 marks)