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QUESTION $4$ OVERSEAS PAYMENTS $\backslash$& WITHHOLDING TAXES

$10$ Marks

Required to calculate Withhold Taxes for the following items:

A$.$ Dividend Income from PNG Companies K $42,500($Net$)$

B$.$ Interest Income from PNG Banks K $21,250($Net$)$

C$.$ Management Fees Paid to overseas non associates K $500000$

D$.$ Royalty paid to ordinary resident land owners K $75,000$

E$.$ Royalty paid to non$-$resident non associates K $250000$

F$.$ Royalty paid to non$-$resident associates K $500000$

G$.$ Insurance premium paid to overseas insurer K $1000000$

H$.$ Foreign contractor Fees paid to overseas company K $5000000$

I. Fright charges and passenger charges collected by the overseas shipping company K $300000$

J$.$ Overseas Lease payment paid K $500000$