Posts in Government
Repayment/Adjustment of Overpayment of Taxes for Income Year 2024

The introduction of the revised rates and increase in tax threshold for Income Year 2024, resulted in the reduction of Personal Income tax to be deducted from the remuneration paid to employees for the Tax year January to December 2024. The necessary legislative amendments and the revised Tax Tables were not implemented until August 2024. This has resulted in the overpayment of taxes for the period January to July 2024.

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