FRINGE BENEFIT TAX
For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 8 %. This rate shall be applicable for the three months of October, November and December 2025.
DEEMED INTEREST RATE
For purposes of Section 16(2)(ja) of the Income Tax Act, the prescribed rate of interest is 8%. This rate is applicable for the months of October, November and December 2025.
Withholding tax rate of 15% on the deemed interest shall be deducted and paid to the Commissioner within 5 working days.
Commissioner for Micro & Small Taxpayers
PUBLIC NOTICES 21/10/2025
