FRINGE BENEFIT TAX
For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 9%. This rate shall be applicable for the three months of April, May and June 2025.
DEEMED INTEREST RATE
For purposes of section 16(2)(ja) of the Income Tax Act , the prescribed rate of interest is 9%. This rate is applicable for the months of April, May and June 2025.
Withholding tax at the rate of 15% on the deemed interest shall be deducted and paid to the Commissioner within 5 working days.
Commissioner General
PUBLIC NOTICES 08/04/2025
