Article Finance Act 2022 Thin Cap

IMPLICATIONS ON THE DEFINITION OF EQUITY ON THIN CAPITALIZATION RULE UNDER THE FINANCE ACT 2022 AND LIMITATION OF DEDUCTABILITY OF INTEREEST EXPENSE The thin capitalization rule, refers to limitation of deductibility of interest expenses, as results of equity and debt exceeding predetermine ratio, provided under the Income Tax legislation. In Tanzania under the Income Tax Act 2004 provides under Section

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