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Tax advice required
Evolve
#1 Posted : Thursday, June 11, 2009 5:59:00 AM
Rank: Member


Joined: 9/25/2007
Posts: 96
I have been receiving a monthly allowance (Kshs 30K) from a company that I co-own with several other people. Should I treat this allowance as a salary for purposes of taxation or as dividends in which case,this will attract a 5% withholding tax? Your suggestion will be most appreciated.
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