Partnerships Income Tax Returns

All institutions are obliged by law to submit a tax return. A partnership, as a body of persons, must submit a specific tax return.

Partnerships that are taxed separately that have their income tax number commencing with 95****** are to submit an annual TA5 tax return which caters for these type of partnerships.

Partnerships that are treated as companies which have their income tax number commencing with 97******* are to submit the same documents that companies submit, which is an annual TA2 tax return with audited financial statements.

The TA2 is the same type of tax return that caters for companies as well.