The Second Amendment to the Income Tax Regulation (the “Amendment”) was published in the Government Gazette on 19 April 2021. Some of the significant changes introduced via the Amendment relates to the tax treatment of payments made under an operating lease, capitalised borrowing costs and withholding tax refunds.
Our Overview covers the following key areas of the Amendment:
- Employee Withholding Tax
- Non-resident Withholding Tax
- Capital Allowance
- Submission of Income Tax Return
- Operating Lease
- Tax Avoidance