Tuesday, September 21, 2021

in-focus

Govt offers tax break to firms buying ATKs for workers


The Cabinet has approved in principle to give tax breaks to companies or juristic entities that purchase rapid antigen test kits (ATK) for employees.

230

View

The funds spent on purchasing ATK can be declared as an expense, and the company’s corporate income tax liability is reduced accordingly.

This measure is effective until March next year and should help businesses resume operation confidently.

Published : September 14, 2021