Tax exemption limits raised and fixed monthly cap removed for specified exempt receipts under section ten amendments. Amendment increases the aggregate exemption ceiling for certain exempt receipts under section 10 by substituting the previous lower aggregate threshold ... Summary
Tax exemption limits raised and fixed monthly cap removed for specified exempt receipts under section ten amendments.
Amendment increases the aggregate exemption ceiling for certain exempt receipts under section 10 by substituting the previous lower aggregate threshold with a higher aggregate threshold effective 1 April 1987. Separately, it omits the brackets and words that imposed a specified monthly cap on another exemption provision, thereby removing the fixed per-month monetary restriction.
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