06-24-2009, 03:29 PM
Thanks for the explanantion.
What i would like to know is that since now commercial importers have been shifted to the minimum tax regime from final tax regime, what effects will it have on
a) sole proprietors
b) aop
c) limited companies (private or public)
As far as i understand they will have to file a return i.e prepare p/l accounts and show how much they earned during the year and then the tax rates will apply and they will have to pay.
If my understanding is correct, then what rates would apply to the above?
What i would like to know is that since now commercial importers have been shifted to the minimum tax regime from final tax regime, what effects will it have on
a) sole proprietors
b) aop
c) limited companies (private or public)
As far as i understand they will have to file a return i.e prepare p/l accounts and show how much they earned during the year and then the tax rates will apply and they will have to pay.
If my understanding is correct, then what rates would apply to the above?
