Amendments
The e-Tax Guide has been updated with the following changes:
- Inserted paragraphs 3.1 and 3.2, and amended paragraphs 3.10, 5.2, 7.1, 7.2, 8.3 and Annex 1 to reflect the tax changes announced in Budget 2025
- Updated paragraph 3.3 and Annex 2 to include section 13OA of the ITA and the expansion of scope under section 13V of the ITA
- Amended paragraphs 6.2 and 6.7 to make clear the tax treatment of distributions out of tax deferred distributions and anticipated income
- Updated paragraph 8.1 to highlight that incorrect distribution disclosure affecting the tax liability of the unit holders constitutes an offence under section 95 of the ITA
- Updated paragraph 14.1 on the requirement to include a distribution schedule in the tax computation
- Updated the numbering of the footnotes