First of all, an allowance is a fixed amount of money or a benefit –in-kind, given to an employee periodically, in addition to salary, for the purpose of meeting some specific requirements connected with the service rendered by the employee…
This week’s #TaxationSimplified provides guidance on the steps for Individuals registering for a Taxpayer Identification Number. WHAT IS A TAXPAYER IDENTIFICATION NUMBER (TIN)? The Taxpayer Identification Number (TIN), is a unique computer generated number allocated to each taxpayer, whether an…