2 – Meaning of Agents, Dealers, and Distributors
1. The Inland Revenue Board has published a frequently asked questions document on the 2% Withholding Tax on payments made by a company to agents, dealers, or distributors under Budget 2022. 2. Agents, dealers, and distributors are individual tax residents whom the paying company authorizes to act as agents, dealers, and distributors and receive payments […]
Filing of Form Q by A Person who is Aggrieved by an Assessment
1. A person who is aggrieved by an assessment made on him by the Director-General of Inland Revenue (DGIR) for any year of assessment is entitled to appeal such assessment under Section 99 of the Income Tax Act 1967 (ITA). 2. According to paragraph 99(1) of the ITA, an appeal must be filed by filing […]
