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Coffee traders to incur personal income tax

Aug 29th at 12:48
29-08-2012 12:48:03+07:00

Coffee traders to incur personal income tax

The Ministry of Finance has launched an official dispatch to confirm that income from coffee transactions at coffee trading floors will be subject to personal income tax.

Under the dispatch, commodity exchange companies are responsible for temporarily deducting 0.1 per cent of every transaction via the coffee trading floor and making tax declarations monthly or quarterly.

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