Private sector scurries to beat tax deadline
Friday, May 27, 2011
Gazetted in February, amendments to the Income Tax Act will abolish Additional Company Tax (ACT) from July 1, meaning tax credits that companies have accrued will also disappear under the new tax regime.
Under current laws, the only solution for affected companies is to declare and pay dividends before June 30 in order to use the tax credits, an answer that is above the reach of some players across the private sector.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...