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300% tax deductions scheme on offer

March 26, 2020 10:32 pm

A 300% tax deduction will be afforded to employers for wages and salaries paid to employees in self-quarantine with approval of the Ministry of Health.

For those not compensated, the government will provide $100 in relief.

The same level of tax deduction will be available for any donations made to the government’s COVID-19 Donor Fund – a Trust for any Coronavirus related assistance from medical supplies to economic relief.

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