Free CGTP-001 – Certified Global Tax Practitioner (CGTP) Practice Test Question

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• ○ Raises revenue for government
• ○ Sets prices for goods
• ○ Controls private business profits
• ○ Replaces all public borrowing

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• ○ Collected through retail purchases
• ○ Charged directly on income
• ○ Levied only on imports
• ○ Paid solely by companies

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• ○ Taxpayers negotiate their rates
• ○ Authorities change rules yearly
• ○ Taxpayers know their liability
• ○ Payments remain fully voluntary

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• ○ Fair treatment of taxpayers
• ○ Predictable and certain liabilities
• ○ Rates changed without notice
• ○ Liabilities based on negotiation

Answer is in the explanation below.

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• ○ Profits of limited companies
• ○ Duties on imported goods
• ○ Charges on land transfers
• ○ Earnings of individual taxpayers

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• ○ Companies income tax
• ○ Personal income tax
• ○ Capital gains tax
• ○ Education tax levy

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• ○ Ownership of residential land
• ○ Consumption of goods services
• ○ Transfer of company shares
• ○ Income from foreign employment

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• ○ Value added tax only
• ○ Companies income tax
• ○ Capital gains tax act
• ○ Stamp duties act only

Answer is in the explanation below.

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• ○ Setting national tax policy
• ○ Hearing taxpayer appeal cases
• ○ Issuing payment demand notices
• ○ Enforcing unpaid tax recovery

Answer is in the explanation below.