The COVID-19 pandemic hasn't made it easy for the average citizen. Many people have either lost their jobs or they've seen their businesses collapse during the country's lockdowns.
The Minister of Finance recently delivered his annual budget speech to the country. Before he did, many people from all walks of life were very keen to know what was in store for them taxwise.
What are the new income tax bands? Will taxpayers fork out more money to bankroll the vaccination programme? What about the so called sin tax; will smokers and drinkers pay more? Are there any other recent legislative changes that affect individual taxpayers?
By the end of this event the attendee should:
Get a summary of what was disclosed in the country's annual budget speech;
Understand how the individual taxpayer is affected;
Know the new income tax bands and how to calculate the tax;
Understand common practical issues affecting individual taxpayers; and
Be aware of other recent legislative changes affecting income tax.
The webinar will cover the following topics:
The annual budget speech - a quick summary
Status of the individual taxpayer's burden.
New tax bands and their effect.
Calculation of tax.
Filing of tax returns and penalties.
Common issues relevant to individual taxpayers.