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Q&A with FB Attorneys
In this week’s column read questions on:
Legal Update
Legal Update – 9 April 2025
Court of Appeal Delivers Decision on WHT on Loan Interest
- Defines the term ‘payment’ widely
- Declares the term ‘payment’ as a technical one
- WHT on loan interest to be accounted by corporations on accrual basis just as CIT
- Applies the principle of strict interpretation of tax statutes
- Reverses findings of the Board and Tribunal
- Taxpayer condemned to interest for late payment of WHT
Legal Quest
In this week’s Legal Quest the poll results read:
- Can a marriage be legally annulled if one of the parties was incapable of consummating it from the outset?
YES – 91% | NO – 9% - Is it allowed to run a funding campaign to support someone in need?
YES – 60% | NO – 40% - Can a person be charged with a crime for sharing someone else’s private information online?
YES – 96% | NO – 4%