Abstract:
EXAMINER’S GENERAL COMMENTS
Though entirely satisfactory, the candidates' performance in this paper was not what was
expected based on the standard of the questions. Approximately 23% of the candidates
who wrote the paper passed. This was above the pass rates of approximately 20%
recorded during November 2020. Tuition providers and students should have been
conversant with the trend by now since, more often than not, the questions are normally
spread across the syllabus. This is the fourth diet for the paper after the change of the
syllabus, and it is still expected that candidates would have the opportunity to make
amends by learning the rudiments of the paper.
Candidates are advised, to continuously read and pay more attention to the tax laws and
principles. This is so because the Principles of Taxation is built on general knowledge of
how the tax laws and principles work and, more significantly, how the law and principles
are explained and applied. The principles of taxation paper describe the Ghanaian
taxation system, outline the basic principles of taxation of individuals and corporations
(entities), and outline key aspects of realisation of assets, VAT, and describe how the
Ghana Revenue Authority administers taxes.
Therefore, candidates should desist from specialisation and exert their energies in
learning across the broad spectrum of the syllabus since this will easily catapult them to
success.
Another general observation made was the fact that there was much improvement in the
computational questions. Most of the candidates performed excellently, probably
because the instructions and requirements in the questions were straightforward.
Description:
STANDARD OF THE PAPER
The standard of the questions was excellent. All the questions did reflect the Principles
of Taxation syllabus of which the candidates were expected to have a fair knowledge to
pass. The questions fairly covered the entire syllabus, and the expectations were that an
average student who wrote the paper should be in the position to pass.