Tax

The  Inland Revenue Act, No. 10 of 2006  is more or less a consolidation of the Inland Revenue Act, No. 38 of 2000 and the six amendments made thereto but with those provisions (subject to a few exceptions) which are not applicable to any year of assessment commencing on or after April 1, 2006 have been deleted there from. It also incorporates provisions designed to give legal effect to the income tax proposals announced in the Budget 2006.

The provisions of the Act, (with a few exceptions) apply only to any year of assessment commencing on or after April 1, 2006.

Tax if not managed efficiently and accurately it can represent a substantial outflow of funds from any business or individual. Be it may be a merger or acquisition, amalgamation or liquidation of a company, sale or purchase of property commercial or otherwise involve taxes and penalties for non-compliance.

• Business turnover tax BTT
• Debit tax
• Dividend tax
• Economic service charge
• Income tax
• Levies
• Treaties and Conventions
• Value added tax VAT
• Withholding Tax On Interest On Deposits