What is my Tax Liability?

Posted 24 February 2019 under Tax Q&A

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Abigail says:
1 February 2019 at 16:20

Are all income liable to tax under the self-assessment regime?

TaxTim TaxTim says:
1 February 2019 at 17:29

Not all income are liable to tax such as compensation for loss of employement (liable to Capital Gains Tax), income from bonds issued in Nigeria, approved pension schemes, franked investment income (excluding rent for tax residents) and other income as listed in the 3rd schedule to the Personal Income Tax Act.