Accounting Q&A · Taxation · Topic 9
Practise 25 questions on tax authorities, registration, electronic filing, payments and records. Try each question before opening the answer. The examples use hypothetical amounts and rates. Check the rules for your jurisdiction and tax year before applying them.
Worked example
A business sends two instalments of 2,000 and 3,000 against a 6,500 liability. Its expected balance is 1,500. If the portal shows 3,500, trace the missing 2,000 payment reference before paying again.
Key concepts
1. What is a tax authority?
A public body responsible for administering tax under law.
2. What is tax administration?
The systems for registration, reporting, collection, service and enforcement.
3. How does a legislature differ from a tax authority?
The legislature makes laws. The authority administers them within its powers.
4. What is a taxpayer identifier?
A reference used to link the taxpayer’s official records.
5. Can one business have several registrations?
Different taxes or jurisdictions may require separate registrations.
6. Why keep registration details current?
Incorrect details can cause missed notices or reporting errors.
7. What is an electronic filing portal?
An official online channel for filing or managing tax records.
8. What is a filing acknowledgement?
Evidence that a submission was received, subject to the system’s status rules.
9. Does an acknowledgement confirm the calculation is correct?
It confirms the submission status stated. The calculation can still be reviewed.
10. What is a payment reference?
An identifier that allocates a payment to a taxpayer, period or liability.
Applying the rules
11. Why confirm a bank payment posted to the portal?
Bank settlement and tax-account allocation are separate checks.
12. What is a tax account statement?
A record of assessments, credits, payments and outstanding balances.
13. Why keep a compliance calendar?
To track dates and owners for filing, payment and reviews.
14. What is a tax ruling?
An authority’s interpretation or decision under a defined procedure.
15. Are all rulings available to every taxpayer?
Some apply generally while others are limited to specified facts or applicants.
16. How should official guidance be used?
Check scope, legal status and current effective dates.
17. What is record retention?
Keeping evidence for the period required by applicable rules.
18. Why use role-based access to tax accounts?
It limits unauthorised access and makes responsibility clearer.
19. How should credentials be handled?
Use official security controls and avoid shared credentials.
Review questions
20. What is a nil return?
A required return with no amount payable under its rules.
21. Can a dormant entity still have filing duties?
Check registration and local rules before assuming obligations end.
22. What is deregistration?
Formal removal from a tax registration where the conditions are met.
23. What should an organisation check when closing a tax account?
Confirm final filings, balances, deregistration and record retention.
24. What does Bangladesh’s NBR publish for taxpayers?
Official tax legislation and other information on its website.
25. What should a monthly administration review include?
Check notices, obligations, acknowledgements and payment allocations.