Hi Guys
I need some advice on CT61. I understand if an individual lends to a company, the company has to deduct 20% income tax rate at source before paying the interest to the individual.
- Is this still the case if the term of the loan is less than 12 months ( i read somewhere this won't apply than but not been able to confirm yet - my accountant not responded still)
- we as company if pay only annually the interest - is there sufficient to file this form only at time of payment? Does the the recipient has any further task to do ( we looking at possible investment from
