Explain the meaning of the following terms as appearing in the respective tax
legislation:
(a) Excise duty; ( 2 marks)
(b) Local committee; ( 2 marks)
(c) Designated primary society; ( 2
marks)
(d) Bonded warehouse; ( 2 marks)
(e) Taxable person; ( 2
marks)
(f) Zero-rated; ( 2 marks)
(g) Non-resident; ( 2
marks)
(h) Exempt income; ( 2
marks)
(i) Registered home ownership savings plan;
( 2 marks)
(j) Commercial vehicle ( 2 marks)