Withholding Taxes

Submitted by developer on Mon, 12/07/2015 - 04:56

It is the specified amount deducted at source from payment accruing or made to individuals or corporate entities in respect of income receivable for service(s) rendered or from investment and remittance of same to the Relevant Tax Authority in line with the provisions of Personal Income Tax (PITA) and Companies Income Tax Acts (CITA).

Direct Assessment

Submitted by developer on Thu, 11/26/2015 - 05:00

Direct Assessment is an assessment raised directly on self-employed persons (eg. Professionals, Contractors, Traders, Landlords, etc).
The self-employed person will without notice or demand, file a return of income earned in the preceding year using Tax Form A.