Tax on Prize Competition – Western Province

With effect from 15th April 2008 tax on Prize Competitions, within Western Province, has been amended

and new tax rates are as follows:

Total value of the prizes                 Pro Rate Tax
Less than Rs. 100,000                       Exempt

Rs. 25 M or less                                  3%

More than Rs. 25 M                             5%

 

Leave a Reply

Your email address will not be published. Required fields are marked *