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The wages and incomes received from employment are subjected to tax. Income tax rate in Hong Kong is 2% when net taxable income is from 1 to 50,000 Hong Kong dollars, 6% when net taxable income is between 50,001 and 100,000 Hong Kong dollars, 10% when net taxable income is between 100,001 and 150,000 Hong Kong dollars and 14% when net taxable ...
Singapore [68] 11 11 Slovakia [69] 14 15 Slovenia [70] 14 14 South Africa [71] 12 12 South Korea [72] 14 14 Spain [73] 12 13 depending on autonomous community Sri Lanka [74] 25 25 Sweden [75] 12 12 Switzerland [76] 9 15 depending on the canton, including holidays falling on a weekend Taiwan [77] 12 12 Thailand [31] 16 16 Tanzania [78] 16 16 ...
Hong Kong SAR: 7 days (1 to 2 years), add one day per year until 14 days (3+ years). [88] Employees are also entitled to 17 paid employee holidays. [89] 7–14 17 24–31 Hungary: 20 working days (increasing up to 30 with age). The employee will get additional days for children.
Artsakh introduced a flat tax of 21% on personal income in 2014, reduced to 20% in 2019, 15% in 2021, 14% in 2022, and 13% in 2023. [92] [93] [94] In 2024, the country was dissolved and reintegrated into Azerbaijan. Belarus introduced a flat tax of 12% on personal income in 2009, [95] increased to 13% in 2015. [96]
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
Under the Employment Act, [8] an employee who is required to work on a public holiday is entitled to an extra day's salary at the basic rate of pay, in addition to the gross rate of pay for that holiday. The days observed as general public holidays in Singapore are declared in the schedule to the Holidays Act. [9]
A tax holiday may be granted to particular activities, [2] in particular to develop a given area of business, [3] or to particular taxpayers. [4] Researchers found that on sales tax holidays, households increase the quantities of clothing and shoes bought by over 49% and 45%, respectively, relative to what they buy on average. [5]
It proposes 25 strategies, among them are new anti-discrimination laws, new Tripartite Guidelines on Flexible Work Arrangements by 2024 with increased adoption of flexible work arrangements to 40 percent by end-2022, allowing egg freezing for women aged 21 to 35 from early 2023 with egg usage only allowed in marriages, increasing Home ...