23 Oct 2024Viewed: 61
BUDGET 2025 SUMMARY
These are the key tax measures in the Budget Statement by the Minister for Finance on 1 October 2024.
Personal Taxes and Charges
Target as:
BUDGET 2025 SUMMARY
These are the key tax measures in the Budget Statement by the Minister for Finance on 1 October 2024.
Personal Taxes and Charges
Key Characteristics:
1. Limited Liability: In a Private Company Limited by Shares (LTD), shareholders are only liable for the amount they have invested in the company’s shares. This means that personal assets of the shareholders are protected, and they cannot lose more than their investment, even if the company faces financial difficulties.