SKILLS AND DEVELOPMENT LEVY (SDL) Skills and Development Levy: is a levy collected by TRA under the Vocational Education Training Act and Income Tax Act from every employer who has in his employment ten or more employees. The rate applicable for SDL is 4% of the total emoluments paid to all employees during the month. […]
TAX RETURN Tax return is a statement filled to TRA which declares the estimated income and tax payable or the final income and tax payable for each year of income. Under the income tax law, a company is required to submit tax returns even if it has no taxable income. Return of Income An individual […]
