Fri, Apr 26, 2024
The Inland Revenue Department (IRD) has issued a clarification regarding capital gain tax (CGT).
Issuing a notice on May 31, the IRD clarifies that no change has been made in the provision that states the final tax for a stock investor is the 5 percent or 7.5 percent CGT paid for a gain as per the existing law.
The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.
