1) TEMPORARY TAX FOR 2024
The deadline for the submission of the 1st installment of temporary tax for the year 2024 is 31 July 2024 and the 2nd installment is 31 December 2024.
Who is Obliged to Pay Temporary Tax:
- Individuals with taxable income from sources other than salaries, pensions, dividends, and interest.
- Companies with ta...
Summary Information Table (SIT) Filing
Taxpayers with transactions involving related parties must complete a SIT detailing these transactions, including legal names, tax residency, Tax Identification Numbers, and transaction values.
The deadline for SIT submission for the tax year 2022 has been extended to 30 November 2024. Non-compliance m...
We would like to inform you that on 12 April 2024, an Income Tax Amendment Law was published in the Official Gazette of the Republic. It includes significant amendments to the tax framework for energy saving initiatives, as follows:
Allowable deductions concerning energy saving studies by approved consultants.
For capital expenditure to imp...
The Tax Department has announced on 23 February 2024, that the deadline for filing the Company Income Tax Return (TD4) for the tax year 2022 has been extended to 30 November 2024, for persons that have related party transactions and are obligated to file the Summary Information Table (SIT). This extension also applies to the Summary Information Tab...
The Department of Taxation announced on February 21, 2024, a change in the payment of the SDC and the GHS contribution withheld on rent payable by legal persons.
The withheld SDC and GHS contributions will be paid on a six months basis every 30 June and 31 December each year, instead of the previous monthly payments....
