One of the facilitators in a tax seminar commented that "tax incentives tend to aid growth of capital markets. Justify the facilitator's comment by identifying four...

One of the facilitators in a tax seminar commented that "tax incentives tend to aid growth of capital markets.
Justify the facilitator's comment by identifying four incentives intended to aid the growth of capital markets in your country.

Answers

- Dividends from companies are charged a withholding tax of 5% which is final tax.
- The income of a collective investment scheme created by employers and employees is not taxable.
- Floatation costs of new shares in the securities exchange are tax deductible.
- Venture capital firms enjoy a 10 year tax holiday.
- Newly quoted companies enjoy a lower corporate tax of 20%.

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Wilfykil answered the question on February 13, 2019 at 08:14

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