On 1 September 2005, Income Tax (Amendment) Regulations 2005 was enacted by Parliament. This amendment adjusts the rate of withholding on dividends from untaxed profits paid to a non-resident from 40% to: -   33% in respect of income year 2004; -   30% in respect of income year 2005; and -   25% in respect of income year 2006 and subsequent years. Income Tax (Amendment) Act 2005-22 enacted On 1 September 2005, the Income Tax (Amendment) Act 2005-22 was enacted by Parliament. The following amendments were made to the Income Tax Act (ITA): General double taxation relief In addition...