Senate Passes Income Tax (Amendment) Act, 2015
The Senate, on Friday, July 3, passed the Income Tax (Amendment) Act, 2015, that will facilitate the provision of an additional $35,568 in tax-free income for workers, effective January 1, 2016. The Bill, which was passed with four amendments, provides for an increase in the personal income tax threshold of $592,800 per annum, up from $557, 232. Justice Minister, Senator...







