Enacting of two corporate tax measures postponed for a year
The measures announced in the February budget were intended to broaden the tax base and prevent abuse
23 April 2020 - 16:43
The implementation date for two key corporate tax measures introduced in the budget in February to broaden the tax base and curtail tax abuse, will be postponed for a year because of the devastating effects of the Covid-19 pandemic.
One of the measures would restrict the deductions allowable for net interest expenses to 30% of earnings while the other would limit the use of assessed losses carried forward to 80% of taxable income...
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