3rd Quarter Estimated Income Tax Payments Due Sept 15

first_imgRelated3rd Quarter Estimated Income Tax Payments Due Sept 15 FacebookTwitterWhatsAppEmail Companies and self-employed persons are reminded that Wednesday, September 15 is the due date to pay their 3rd quarter estimated income tax for 2010 and also that the Tax Administration has introduced an online payment option to make it easier to do so.Business persons are now able to log on to the Tax Portal at www.jamaicatax-online.gov.jm from the convenience of their home or office and at any time, to pay their estimated income tax using a valid credit card. The Tax Administration’s online service now accommodates the filing and payment of all major tax types, including Property Tax, General Consumption Tax and Payroll Taxes.In addition to the online option, business persons are reminded that estimated income tax payments may be made at any of the 29 tax offices. Persons paying by cheque may also pay using the electronic drop boxes located in main tax offices.Under the Income Tax Act, taxpayers are required to calculate their estimated income and the applicable tax for each year and pay the amount to the Collector of Taxes, Inland Revenue Department in four (4) quarterly instalments by March 15, June 15, September 15 and December 15 of each year. However this requirement does not apply to persons whose only source of income is from employment and whose taxes are paid under the Pay As You Earn (PAYE) system.Estimated income for the year is determined by computing projected profits, gains or losses from a trade, profession or business, less projected business expenses (i.e. expenses wholly and exclusively incurred in earning the income) for the period. The applicable tax rate of 33 1/3% for companies and 25% for individuals or self-employed proprietors would then be applied to the estimated taxable income projected for the year. Self-employed persons are also reminded that they are entitled to the current threshold (tax free amount) of $441,168.For further information persons may contact the Tax Administration’s Customer Care Centre at 1-888-Tax-Help (1-888-829-4357) toll-free or visit our website www.jamaicatax.gov.jm 3rd Quarter Estimated Income Tax Payments Due Sept 15 Finance & Public ServiceSeptember 8, 2010 Related3rd Quarter Estimated Income Tax Payments Due Sept 15center_img Related3rd Quarter Estimated Income Tax Payments Due Sept 15 Advertisementslast_img read more

Brazil’s Oi plans further disposals to chip away at debt

first_img Richard Handford Tags Telefonica bolsters blockchain security AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 JUN 2015 Luz verde a la fusión entre Telefónica y Liberty Global en el Reino Unido Español Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more AlticeAmerica MovilAT&TOiPT PortugalTelecom ItaliaTelefonicacenter_img Telefónica refuerza la seguridad de las cadenas de bloques Home Brazil’s Oi plans further disposals to chip away at debt Related Previous ArticleIDATE’s DigiWorld Yearbook predicts the future of acronymsNext ArticleMobinil to offer stake as parent Orange looks at regional expansion Author Even after closing the sale of PT Portugal, the CEO of Brazilian operator Oi is still looking for more ways to pay down debt, according to a Financial Times report.Selling part of the operator’s real-estate portfolio or doing the same at its towers business are both options. Also, the offload of African assets inherited from Portugal Telecom is likely, as is the sale of a call-centre unit, said Bayard Gontijo.Some analysts are concerned at debt levels, even after Oi offloaded PT Portugal to Altice, a transaction which closed this week. Altice paid a total of €5.79 billion for the Portuguese assets, of which €4.92 billion was paid in cash to Oi and €869 million was allocated to immediately repay outstanding debt owed by PT Portugal.Analysts expressed concern that debt levels could lead to an emergency refinancing to avoid breaching covenants with bondholders. The debt levels are such that Oi could be forced into the hands of a domestic rival.Net debt rose to BRL33 billion ($10.5 billion) in the first quarter of 2015, from BRL31 billion at the end of its previous financial year.“We have to do other things to deal with the leverage and avoid anything drastic,” said Mr Gontijo. “We are selling our call-centre company. We own 7,000 properties but we are not a real estate company. We are working on getting the approval [to sell]”.Oi also owns assets in Africa acquired as part of the Portugal Telecom deal. Gontijo said that he was positive about selling the units. “We are trying now to establish a dialogue in Africa,” he said. “There is a good possibility of selling this. Its not an easy asset disposal but we think its achievable.”“We are much better than six months ago when I took over as CEO of the company,” he said. “We had an issue in terms of liquidity and financial covenants and the risk of breaching them. The sale of Portugal Telecom has helped restore the confidence of the market.”He is optimistic about prospects for consolidation in the Brazilian mobile market, although he refused to confirm whether Oi is a buyer or seller in the process.Oi has been linked with a potential deal with the Brazilian businesses owned by Telecom Italia, Telefonica and America Movil. AT&T is another possible suitor.last_img read more

GALLERY: Bristol Rugby vs Bedford Blues

first_imgEllis Genge bagged his first senior hat-trick in a superb team performance, while Callum Sheedy and Andy Uren both touched down for debut tries.Images courtesy of JMPUK.last_img