VALUE ADDED TAX. WHAT IS IT? VAT is an indirect tax on the consumption of goods and services in the economy. Revenue is raised for government by requiring certain businesses to register and to charge VAT on the taxable supplies of goods and services. VAT is charged at each stage of the production and … Continue Reading
What is Provisional Tax? Provisional Tax is not a separate tax. It is a method of paying your income tax in advance (in 2 payments) thereby assisting you to not pay a large amount at once. Who is liable? All companies are Provisional Taxpayers. Your company automatically becomes a Provisional Taxpayer when you … Continue Reading
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