Family businesses

Family businesses

The Minister of Finance has in his Budget Speech for the year 2024 announced that: The reduced rate of stamp duty of 1.5% applicable to certain transfers of family businesses to descendants has been extended. Family business registered with the Family Business Office...
Donations to certain voluntary organisations

Donations to certain voluntary organisations

The Minister of Finance has in his Budget Speech for the year 2024 announced that businesses donating amounts to voluntary organisations registered with the Commissioner for Voluntary Organisations with respect to social and environmental causes and animal welfare...
EXemption for pensioners

EXemption for pensioners

The Minister of Finance has in his Budget Speech for the year 2024 announced that the amount of pension income which will for the year 2024 be excluded from the taxable income will amount to 60%.  Since the year 2022, pension income has gradually been excluded...