Implementation of Proposed Changes to the Inland Revenue Act No. 24 of 2017

Department of Inland Revenue has published a notice (PN/IT/2020-03) on 12 February 2020 pertaining to changes proposed to the Inland Revenue Act, No. 24 of 2017. These changes mainly relate to the following:

1. Removal of Withholding Tax (WHT) on the payments made to Resident Persons
2. WHT on the payments made to Non-Resident Persons
3. Revision of Income tax rates
4. Exemptions
5. New Reliefs and Qualifying payments

Download IRD Notice on Implementation of Proposed Changes to the Inland Revenue Act, No. 24 of 2017 (PN/IT/2020-03)