- VAT rate on financial services increased to 20.5% effective 01 July 2026.
- “Emoluments” definition aligned with IRA 2017, with certain exclusions, effective 01 April 2018.
- Returns referencing IRA 2006 for periods before 01 January 2026 are deemed compliant.
- Dividend income for non-specified institutions or those not earning business income from specified services will not be treated as business profit.
Source: assets.kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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