Direct Taxation

A few steps to correct past errors and omissions, but a total overhaul of the Income Tax Act still required.

Highlights:

  • Capital allowances for residential properties
  • Commissioner to issue guidelines on bad debts
  • Import duty credit scheme
  • Charitable donations
  • Withholding tax on aircraft leasing removed
  • Realisation of assets
  • ...

Download (187KB)

 

2007 Budget - Direct Taxation.pdf



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