November 6 2018

Amendment to individual income tax – consultation held

Source: IBFD Tax Research Platform News

On 5 November 2018, a proposal to amend the Personal Income Tax Act (PITA) was published for public consultation by the Ministry of Finance. It is proposed to regard the following relations as employment relations for PITA purposes:

  • between a sports club and professional athletes under the Physical Education and Sports Act; and
  • between a sports club and coaches under the Physical Education and Sports Act.

The public consultation will be open until 5 December 2018. Further developments will be reported when they occur.