FAQs - Tax Deduction at Source (TDS)

Frequently Asked Questions on Tax Deduction at Source (TDS) GENERAL QUESTIONS INTEREST PAYMENTS TO CONTRACTORS AND SUB-CONTRACTORS ROYALTIES PAYMENTS FOR SPECIFIED SERVICES RENT PAYMENTS TO OWNER...

Obligation to file a return

Obligation to file a return Income Tax Returns for individuals An individual who is in receipt of emoluments, pension or deriving income from trade, business, profession, agriculture, rents and...

Overview of Taxes

Overview of Taxes The taxes administered by MRA are all on a self-assessment system. Under that system, persons liable to pay the relevant tax or duty have to submit declarations at the end of...

List of VAT Registered persons not submitting return

for quarter ended 31 December 2022 List of VAT Registered persons not submitting return for taxable period December 2022 List of VAT Registered persons not submitting return for taxable period...

SME Corner

Small and Medium Enterprises (SMEs) - Introduction Information Pack for Newly Registered Taxpayer SME Guides Guide on Tax Deduction at Source (TDS) Presumptive Tax Starting Business Guide Guide on...

Income Tax Guides

Income Tax Guide Guide on Pay As You Earn (PAYE) Frequently Asked Questions (FAQs) : Social Contribution (CSG) Income Allowance Guide on Corporate Social Responsibility (CSR) Starting Business...

Tax Administration

Income Tax / VAT Rulings

Income Tax / VAT Rulings Income Tax Rulings Under section 159 of the Income Tax Act any person who derives or may derive any income may apply to the Director General for a ruling as to the...

Tax Deduction at Source (TDS)

Tax Deduction at Source (TDS) Circular - Annual TDS Return for the year ended 30 June 2016 Template of Annual TDS Return E-File Specifications for Annual TDS Return Specimen format of Statement of...

Negative Income Tax / Special Allowance - Employees

Negative Income Tax / Special Allowance - Employees Leaflet for Negative Income Tax Leaflets on Special Allowance for Employees Creole Version French Version English Version

Tax Calendar

Electronic submission of Companies Return for accounting year ending in December 2024 with no tax liabilities or loss is declared. By Monday 15th July Payment of Advertising Structure Fee for the...

Recovery of Tax

Recovery of tax Where tax remains in arrear, the Director General may enforce payment of the tax by the following measures: Deduction from emoluments Attachment order Distress warrant Inscription...

Tax Clearance Certificate

Tax Clearance Certificate (Directive No 33 - Section 7(b) of the Public Procurement Act 2006) General Information In accordance with the above directive issued on 01 November 2016, Public Bodies...

FAQs - Income Tax

FAQs - Income Tax FAQs for PAYE Employer FAQs for PAYE Employee Advertising Structure Fee Tax Deduction at Source (TDS) Advance Payment System (APS)

Negative Income Tax (NIT)

Negative Income Tax (NIT) Leaflet What is NIT? Who is eligible? How do I apply for NIT? What is the allowance payable? What should an individual do to start benefiting from NIT? When will payment...

Foreign Income

business income, rental income, investment income and interest income. The foreign income is taxable in the hand of the resident. Residence Resident individual ,means a person who has his domicile...

Emoluments

Emoluments What are emoluments? Are all emoluments subject to tax? Queries as to whether an amount is emoluments? What are emoluments? "Emoluments" means any advantage in money or in money’s worth...

Statement of Practice / Practice Note

Statements of Practice Income Tax Title Date Issued Reference Remarks Trusts and Foundations 24-08-21 SP 24/21 Tax treatment arising from adoption of IFRS 15 - Revenue from contracts with customers...

PAYE Return

Monthly PAYE for pay period November 2017 and prior months Monthly PAYE Return Taxpayers will be required to use a new template for E-filing of Monthly PAYE Return as from pay period July 2017 This...

VAT Repayment

is entitled to make a claim for VAT repayment where his VAT return shows an excess of input tax over output tax and he has acquired capital goods; or he has made zero-rated supplies What conditions...