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Are associations/clubs liable for income tax?
asked
Jan 23, 2018
in
General Questions
by
anonymous
Are associations/clubs liable for income tax? We have a sports club. We get income from subscriptions, donations, renting sports ground and also interest from deposits. We are a non-profit organization.
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answered
Jan 26, 2018
by
anonymous
Liable on commercial activities at 10%. Your donation/subscription income is not taxed but rent income will be taxed at 10%
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