Definition of Equity – Finance Act 2022 defines equity
as ‘paid up share capital’ only. Finance Act 2012
had defined ‘equity’ to include, in addition, ‘paid up
share premium’, and ‘retained earnings’. The motive
behind this change remain unclear and open to
Questions.
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Timeless Business Solution is a professional service firm that offers accounting, tax, assurance and consulting services to companies in diverse sectors in Tanzania.
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