Amendment to the Income Tax Act 2020
Our TAX Alert presents the most important changes in the area of income tax of legal and individual persons. In a separate section we focus on the newly introduced concept of "micro-taxpayer" and the related tax advantages.
This extensive amendment will affect the business of many entities and therefore we wanted to summarize all significant changes that could affect your business. However, as the Income Tax Act deals in detail with some of the provisions mentioned in the Tax Alert, as well as introducing a number of other changes not mentioned in our publication, we encourage you to review the Income Tax Act and its impact on your business with your Mazars contact person.
Prepare your business for planned changes to the Income Tax Act and do not hesitate to contact your Mazars contact person!
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