The initial payment for Business Profit Tax is due on or before 31 January 2012

The Business Profit Tax Act ( Act No: 05/2011) will commence on 18 July 2011, the first payment of which will be due on or before 31 January 2012. The payment can be made as a whole or in installments.

Therefore, any Company, Partnerships or Persons who is required to maintain accounts under any law, whose accounting period endsbetween 18 July and 31 December 2011, should make a reasonable estimate of the amount of the assessed tax from July 18 until the end of the accounting period, and pay that amount on or before 31 January 2012. In addition, individuals carrying on any business,should make a reasonable estimate of the amount of the assessed tax for the taxable period from 18 July to 31 December 2011, and pay that amount on or before 31 January 2012.

26 May 11