Home' Trinidad and Tobago Guardian : September 29th 2015 Contents A28
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Guardian www.guardian.co.tt Tuesday, September 29, 2015
34D QUARTERLY TAX INSTALMENT DUE
You are reminded that Quarterly Tax
Instalments are due and payable on or
September 30th December 31st
of each year.
NOTE: Calculation of your Income/
Corporation Tax Quarterly Instalments for
the current year of income is based on an
estimated chargeable income, which is the
chargeable income of the previous year of
income, multiplied by the rate of tax for the
NOTE: Calculation of your Business Levy
and Green Fund Levy Quarterly Instalments
is based on the actual gross sales/receipt
for the respective quarter. The rates are
0.2% and 0.1% (of gross sales/receipts)
NOTE: Payments not made by 30th
September 2015 will accrue interest at
the rate of 20% per annum from the due
dates to the date of payment.
TAXPAYER RELATIONS SECTION
"Changing the way we interact with You"
Ministry of Finance
INLAND REVENUE DIVISION
CALCULATION OF QUARTERLY INSTALMENT
This is a guide to calculating your quarterly
instalments for 2015.
2014 -- Chargeable Profit = $1,000,000
Estimated Tax for 2015 = 2014 Chargeable Profit x
25% (2015 tax rate)
= $1,000,000 x 25%
2015 -- Estimated Quarterly Tax Payment
250,000 = 62,500
Estimated payment due per quarter = $62,500
NOTE: Where your 2015 Estimated
Chargeable Profit is likely to exceed 2014
Chargeable Profit you are advised to increase
your quarterly payments to accommodate the
increased profit and avoid interest on short
NB: Any short payment or non-payment
of quarterly instalment is also subject to
interest at the rate of 20% per annum from
the date the payment was due to the date of
payment or April 30, 2015 whichever is earlier.
If you follow health news, you may have heard
about a US federally funded study that was stopped
early because of impressive evidence that aggres-
sively lowering blood pressure saves lives.
For more than half a century we ve known that
controlling blood pressure (getting the numbers below
140/90) is important in preventing heart attacks,
strokes and kidney failure. The so-called SPRINT
study that was just stopped tells us that lowering
the systolic blood pressure (the top number) to 120
or lower is even better in preventing complications
and death from cardiovascular causes.
While we wait for the study details to be published
in a medical journal, the news can make one wonder:
how low should one go and for how long? Here s
what writer and doctor John Henning Schumann
from Tulsa, Oklahoma said.
John Schumann is president of the University of
Oklahoma, Tulsa, and hosts Public Radio Tulsa s
Medical Matters: "I think about a patient of mine
in his 80s. For decades, he s taken a combination pill
(two medicines in one) to keep his blood pressure
below 140/90. Six months ago, he told me that he d
been having episodes of lightheadedness once or
twice a week. That s a common side effect among
older people taking blood pressure medicine. It s as
though I m just going to pass out, he told me. My
vision fades and I get wobbly legs.
"Fortunately, his episodes had passed without him
actually falling. He and I agreed that it would make
sense to try stopping his blood pressure medicine
for a month and see what happened. The pause
would be something we doctors call a drug holiday.
My patient agreed to buy a home blood pressure cuff
and use it two or three times a week, then share the
results with me.
"A month went by, and he sent me the promised
letter with his results. His blood pressure, over multiple
readings, was fine. And no more lightheadedness!
"I wrote him back: Stay off the medication---it s
clear from your readings that you no longer need it.
"He was thrilled to pare down his list of daily
medicines. The decision saved him money and meant
he could forget about one of his many daily pills.
I m satisfied the decision to stop this man s blood
pressure medicine was a good one. Since the medicine
was something he no longer needed, I helped him
avoid a drug-related problem like a fall, and, with
it, maybe a hip fracture---one of the banes of our
"What s more, he and I pushed back against medical
inertia, the tendency to keep things the way they are
because it s easier than making a change. Inertia is
especially strong when a medical treatment conforms
to accepted guidelines. There are dozens of guidelines
in the world of cardiovascular medicine.
"Many of them have lifestyle changes as their pri-
mary recommendation. All too often, though, people,
including doctors, have a hard time improving their
diets, losing weight and getting enough exercise. So
we resort to medications, often several of them, to
treat or prevent illness.
"Now that the early results from the SPRINT trial
suggest that lower blood pressure is protective, the
inertia to keep people on blood pressure pills---or to
add more of them---will be even stronger. My patient s
experience, and stories like his, have led me to believe
me that there comes a point in aging when, for many
of us, our physiology changes. Sometimes the changes
bring more illness, but in other cases the problems
that afflict patients seem to diminish with advanced
"In other cases, the preventive measures that I
recommend as a doctor no longer matter as much.
There s not much sense in treating an 80-year-old
for high cholesterol who hasn t had a heart attack
or stroke already. It s a debatable point, to be sure,
and ultimately decisions like these depend on the
For some older folks, less
medicine = more health
values of individual patients and an esti-
mate of how long they ll live.
"So how do we pinpoint this time of
change for individuals and what do we
do when we get there? An obvious but
often overlooked choice we can make is
something that is called de-prescribing,
which means discontinuing medications
in older people who take a lot of them.
A recent article in the journal JAMA Inter-
nal Medicine examined this idea, reviewing
more than two dozen other studies in
which medications were discontinued
while tracking the effects (or lack of them)
on patients." (NPR Health)
YOUR DAILY HEALTH
News and advice
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