Investor Presentaiton

INLAND TAXLAW CRIMINAL LAW NSTITUTIONAL LAW TAXLAW CRIMINAL LAW NSTITUTIONAL LAW Tax Implication Under CITA CITA FEDERAL FIRS CIT is chargeable on interests, discounts, fees, charges and annuities received in respect Bonds of all types; CIT is also chargeable on income earned on Federal Government securities, including treasury bills, treasury or savings certificates, debenture certificates or treasury bills, treasury or savings certificates, debenture certificates or treasury bonds WHT In line with Section 78(1) of CIT, WHT is deductible on interests (which may sometimes be called discounts, charges or annuities, depending on the instrument or transaction) The WHT should be deducted at the date when payment is made or credited, whichever first occurs The obligation is on the company or person effecting the payment or credit Fees and other income are also subject to WHT under Section 81 of CITA

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