Businesses & Employers

Businesses & Employers

Tax Videos

You can learn more about our services with these videos and demonstrations. We will show you through some of our essential services.

Introduction to Business

Going in to business for yourself? There is an easy way to get up to speed fast. Sit back, relax and watch our six "Introduction to business" videos. We’ve covered the essentials including: Business structures, Income and provisional tax, Expenses, Depreciation, Registering for VAT and Record Keeping.  View each of the six videos below. 

1. Business Structures

Business Structures

2. Income & Provisional Tax

Income & Provisional Tax

3. Expenses

Expenses

4. Depreciation

Depreciation

5. Registering for VAT

Registering for VAT

6. Record Keeping

Vid6

 

 


Tax Guides

Click below to access easy to understand tax guides.

Tax Guides

Going in to business for yourself? There is an easy way to get up to speed fast.  We’ve covered the essentials including: Business structures, Income and provisional tax, Depreciation, Registering for VAT and Record Keeping. 

1. Business Structures

 Income Tax Guide

2. Tax Registration and different business structures

Busines structures

3. Record Keeping

Record keeping

4. Understanding depreciation and rates

Depreciation

5. Land Income and tax

Landlease

6. Tax Amnesty information & Form

Tax Amnesty

7. VAT registration

VAT

8 RMD Bank Account details

RMD Banks

 


Individuals

Individuals

Business Records

Keeping Of Business Records

The Income Tax Act requires that every person carrying on a business or deriving income other than salary and wages shall keep sufficient records to enable that person’s assessable income and allowable deductions to be readily ascertained by the Tax Department.

Such records must be kept for a minimum period of 5 years after the completion of transactions.

 

If you have any questions please contact us on 29365.