Company withholding threshold increased, raising the required proportion of distributed income subject to tax under amended law. For companies, section 215(1) is modified so that, with effect from 1 September 1980, the subsection operates as if the words "eighty-three and one-third ... Summary
Company withholding threshold increased, raising the required proportion of distributed income subject to tax under amended law.
For companies, section 215(1) is modified so that, with effect from 1 September 1980, the subsection operates as if the words "eighty-three and one-third per cent." had been substituted for the previously prescribed proportion.
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