Tax Highlight – December 2016
We are pleased to present our Our Tax Highlight – December 2016
A bid farewell to 2016 and welcome Year 2017. In conjunction with Budget 2017, some of the GST proposed amendments have been gazette and Inland Revenue Board on the other hand issued out 6 Public Rulings. Some hot topics include:-
1. GST Relief Amendment to OKU
2. GST Amendment in relation to DA
3. GST Amendment in relation to Free Zone
4. Income Tax Public Ruling – Basis Period for Companies under Liquidation
5. Income Tax Public Ruling – Industrial Buildings
6. Income Tax Public Ruling – Gratuity
7. Income Tax Public Ruling – Tax Borne by Employers
8. Income Tax Public Ruling – Taxation of Income from Employment on Board of a ship
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