News
LAQC changes to be announced
Monday 11th of October 2010
The move follows public consultation on proposals for reforms to the tax rules announced in Budget 2010 for qualifying companies (QCs) and LAQCs.
The new rules will also provide a flow-through income tax treatment for closely held companies who choose to use them.
Business income and losses will be able to be passed to shareholders who will pay any tax due, but the rules will al...
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