Multi Industries Limited (MIL) is a sugar manufacturing firm located in Mayuge district in Eastern Uganda. It has been in operation for several years and for the year ended 30th June 2022, the following transactional activities/decisions were done/made. 1. Some of MIL's bulk buying customers were designated as withholding agents by Uganda Revenue authority. 2. The decision to erect a permanent digital billboard at the entrance of the factory premises was implemented. It cost them UGX 25 million to the stage of its completion. 3. On 15 June 2022, they made an advance payment for electricity of UGX 10 million. It was estimated to cover their electricity bills for four months. 4. A debtor analysis was done on all their existing debtors at the close of the year. It was decided that debtors exceeding 3 years shall be written off while a Page 1 of 2 provision for doubtfulness shall be made for those above 1.5 years but below 3 years. 5. The extension to the factory building was completed and a new production line was installed and it was fully operational by the close of the year. 6. The board of directors received a welfare proposal from its employees. The employees expressed the need for MIL to consider improving there working environment and benefits by offering them the following. • Medical insurance cover for employees and their immediate family members. • Meals for employees at the workplace. • Safety gear to be worn by employees at the work place. • Subscribing for employees to a voluntary retirement savings scheme where the employer and employees can contribute. • Funding employees' training to acquire more skill and educational Required Explain and advise MIL about the tax implication and treatment of each of the transactional activities/decisions 1-5 above that were made. Further advise the board on the probable tax implications that may arise out of each component welfare proposals in 6 above

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Lets provide an explanation of the tax implications for each of the transactional activitiesdecisions 15 as well as the welfare proposals in 6 1 Withh... View the full answer