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ACTIVE TAXPAYER BENEFITS

BEING ON THE ATL GIVES YOU CERTAIN BENEFITS:

  • Lower rates of tax deduction at source by banks on both profits and cash withdrawals
  • Reduction on withholding tax (tax already deducted from your income and gains) when registering and transferring motor vehicles
  • Lower rate of tax on buying and selling of property
  • Lower withholding tax rate on capital gains on sale of securities
  • Charges for tax on dividend will be lower
  • Lower rate of withholding tax on prize bond winnings
  • Allows you to claim back overpaid tax that has been withheld

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