The Bill proposes that any amounts granted to a public officer as a reimbursement of expenses incurred in the course of official duties shall not be considered as income subject to tax. Further, it provides that the reimbursement will not be taxable notwithstanding the ownership or control of...
for filing the return, paying the tax and submitting the 1+1 percent declaration is 21 May 2024. It is important to note that if the tax return is not confirmed or amended, the employee’s personal income tax return filing obligation for 2023 will be deemed fulfilled as at 21 May 2024....
The Employer shall be entitled to set off the reimbursement amount against all sums which may be owed or payable by the Employer to Executive hereunder or otherwise. The parties shall cooperate in the defense of any asserted claim, demand or liability against Executive or the Employer or its ...
(i) the filing of a voluntary petition (or the consent by such Person to the filing of any such petition against it), commencing, or authorizing the commencement of any case or proceeding under any bankruptcy, insolvency, reorganization, liquidation, dissolution or similar law relating to the p...