Tax on distributed income: buy-back of shares excluded from levy for transactions on or after Oct 2024. The Bill inserts a proviso excluding any buy-back of shares that takes place on or after 1 October 2024 from the additional tax on distributed income ... Summary
Tax on distributed income: buy-back of shares excluded from levy for transactions on or after Oct 2024.
The Bill inserts a proviso excluding any buy-back of shares that takes place on or after 1 October 2024 from the additional tax on distributed income otherwise chargeable on domestic companies in relation to share buy-backs.
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