The Finance Act, No. 18 of 2021 requires entities such as companies, partnerships, funds, societies, and NGOs to make a declaration under Section 5 with their Taxpayer Identification Number (TIN) regarding the amount of taxable supply, income or asset held as at March 31, 2020. The declaration must be made on or prior to March 31, 2022, and can be submitted to the Commissioner-General of Inland Revenue. The summary is highly dense and concise yet self-contained and provides a streamlined understanding of the document's significant developments.
Tax on Voluntary Disclosure Form - Entity is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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