Corporate income tax, for the first time in six years, took a $10-million bite out of net earnings for confectioner and bakery, Honey Bun Ltd.
Effective 2 June 2016, the 100 per cent tax remission for the first five years after listing on the Junior market of the Jamaica Stock Exchange ended.
The company became subject to income tax on 50 per cent of its chargeable income — for four months for the year ended 30 September 2016.the corresponding period last year…..