Happy New Year - 2020

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Monthly Archives: May 2018

Taxes and other levies are not deductible

Following taxes or other levies are not deductible when calculating a person’s income under New Inland Revenue Act. Income Tax Economic Service Charge Value Added Tax on Financial Services Nation Building Tax on Financial Services Crop Insurance Levy Supper Gain

Withholding Tax​ from Investment returns

Department of Inland Revenue has published notice on Deduction of Withholding Tax​ from Investment returns with effect from 01 April 2018.

Withholding Tax from Service fees and Contract Payments

Department of Inland Revenue has published notice on Deduction of Withholding Tax from Service fees and Contract Payments with effect from 01 April 2018.

Draft manual for New Inland Revenue Act, No. 24 of 2017

Department of Inland Revenue has published Draft manual for New Inland Revenue Act, No. 24 of 2017.