by Great Paraxy | Feb 28, 2023 | Tax
What is a Non Executive Director (NED)? A non-executive director is a member of a company’s board of directors who is not part of the executive team. A non-executive director typically does not engage in the day-to-day management of the organisation but is involved in...
by Great Paraxy | Feb 21, 2023 | Tax
Rebasing of Capital allowances for Income Tax Purpose. On 31 December 2020, the Minister of Finance issued an amendment to the finance (No.2) Act 10/2020 by insertion of the following: “If, in relation to capital allowances claimed (in any year of assessment before...
by Great Paraxy | Feb 16, 2023 | Tax
Understanding withholding of Value Added Tax? Withholding of Value Added Tax was introduced with effect from 1 January 2017 and some registered operators have since being appointed as VAT Withholding Tax agents. The VAT Withholding Tax agents’ role is to withhold a...
by Great Paraxy | Feb 14, 2023 | Tax
Governed by the Transfer pricing legislation Sect 98A and 98B of the Income Tax Act was introduced on the 1st of January 2014. The law was meant to forestall transactions that do not satisfy the arm’s length principle between associates. What are Arms Length...
by Great Paraxy | Feb 11, 2023 | Tax
NSSA Registration & Returns Regularize your business by registering with the National Social Security Authority (NSSA). All employers are required by the law to register with National Social Security Authority. Whether you are in the formal or informal sector, you...
