In principle, the procedures for taxing individuals are similar to those applicable to corporations. An individual is subject to the same filing dates as a corporation, but usually any assessments issued will be considered final unless the taxpayer holds nominative shares of a corporation or capital quotas of a partnership or is the sole proprietor of a business enterprise. Spouse For income taxes on farming activities, husband and wite are assessea jointly. For capital tax purposes they may opt for separate assessment. There are no special tax rules for foreign personnel.
Exit permits There are no formalities or procedures for tax clearance upon leaving the country.
The procedural formalities applicable to corporations also apply to partnerships and joint ventures. There are no special rules relating to procedural matters for trusts.