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MPs seek to cut dividend payout rate to 40pc in tax raising plan
According to the Income Tax Act, the rate of Withholding Tax on deemed dividends is five percent for residents and 15 percent for non-residents.
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businessdailyafrica.com
Timeline cronologica
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Treasury under pressure to cut top PAYE rate to 30pc
ICPAK noted that the current PAYE bands are narrow, subjecting low-income earners to higher rates.
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MPs seek to cut dividend payout rate to 40pc in tax raising plan
According to the Income Tax Act, the rate of Withholding Tax on deemed dividends is five percent for residents and 15 percent for non-residents.