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  3. 2. the following expenses were incurred by kabo ho

2. The following expenses were incurred by Kabo Holdings (Pty) Ltd in respect of transactions...

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Question

Accounting

2. The following expenses were incurred by Kabo Holdings (Pty) Ltd in respect of transactions with non-residence during the year ended 30 September 2015:

P

Purchases of raw materials from Angola 4,099,890

Insurance Premiums 78,908

Technical Advise in respect of a plumbing issue 56,900

Advertising Kabos goods in a Malawian magazine 34,902

Interest on a loan from a Director/Shareholder 55,340

Management fees 230,340

Transportation of goods to South Africa 54,890

Royalties for the right to use a formula by an American Professor 78,900

Consultancy fee paid 46,808

The hiring of a Zimbabwean Artist to entertain staff at the end of year party 78,000

Required

In respect of each of the above expenses state giving reasons, whether Kabo Holdings (Pty) Ltd should withhold tax from the payment to the non-resident and, if tax should be withheld, the rate which will apply. (10 marks)

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