Presumptive taxation revised for commercial vehicle owners, increasing per vehicle deemed income thresholds under amended rules. Amendment modifies sub section (2) of the relevant income tax provision to increase the per vehicle deemed income amounts used under the presumptive taxation scheme for motor vehicles, substituting higher fixed amounts for the two clauses that specify per vehicle rates, effective from the fiscal commencement date.
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Presumptive taxation revised for commercial vehicle owners, increasing per vehicle deemed income thresholds under amended rules.
Amendment modifies sub section (2) of the relevant income tax provision to increase the per vehicle deemed income amounts used under the presumptive taxation scheme for motor vehicles, substituting higher fixed amounts for the two clauses that specify per vehicle rates, effective from the fiscal commencement date.
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