Benefits of Active Taxpayer, being on the ATL Gives you Certain Benefits
1. Lower rates of tax deduction at source by banks on both profits and cash withdrawals
2. Reduction on withholding tax (tax already deducted from your income and gains) when registering and transferring motor vehicles
3. Lower rate of tax on buying and selling of property
4. Lower withholding tax rate on capital gains on sale of securities
5. Charges for tax on dividend will be lower
6. Lower rate of withholding tax on prize bond winnings
7. Allows you to claim back overpaid tax that has been withheld