KPMG Quarterly Tax Newsletter - (December 2008)

We are pleased to present our quarterly tax newsletter outlining your obligations for payment of taxes and/or levies for income year 2008.

At this point you should have accounted for the first three quarters installments of taxes and/or levies for income year 2008 which were due on or before March 31, June 30 and September 30, 2008. The final quarter installment is due on or before December 31, 2008.

Any final balance due thereafter for income year 2008 should be paid on or before April 30, 2009. Thereafter, that is from May 1, 2009, interest will be levied on late payments at 20% per annum.

Any interest paid on the late payment of taxes and/or levies is not deductible for tax purposes.

Click KPMG Quarterly Tax Newsletter - (December 2008) to view or download the newsletter.