GSL applies to an entity’s profits before tax or the production value of specified companies for the 2023-2025 years of assessment. It applies to all entities, contrary to the NFSL which was only applicable to specific industries or sectors.
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Income Tax (Amendment) Act, 2023 (Act 1094)
Act 1094 introduces a minimum chargeable income regime, unifies operating tax loss carry-forward rules, revises income tax bands for resident individuals and amends the treatment of foreign exchange losses, among others.
New tax policies & amendments
As a means of ensuring that the proposed budget revenue measures are implemented, Parliament has passed three new tax laws and amended two existing laws to be implemented in 2021, which have been passed into law and received Presidential assent on 31 March 2021.
9 Tips To Boost Your Confidence At Work
No one ever got better at anything by beating themselves up. Talk to yourself kindly, and encouragingly, rather than ragging on yourself for making mistakes. A positive mindset will help you learn more easily, which will boost confidence.
Better Financial Management, Better Growth
Growing companies face a challenge. Not enough hours in the day to balance the books outgrown your existing bookkeeper or have they recently left? Then Nyansa outsourced accounting service can provide accurate and timely reporting for any business.
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