Search results
Results from the WOW.Com Content Network
0% (first €8,700 per year is tax free) 49.5% [172] 21% (standard rate) 9% (essential and selected goods) Under the new policy it is 36% with out a tax free limit. The old system presumes 7.6% gains for investments & 4% gains on banksaldo interest, taxed 36% Taxation in the Netherlands New Zealand: 28% 10.5% [173] 39% [174] 15% Taxation in New ...
For 2015, tax payers with family and income of RM4,000 per month will not have to pay tax; Individual income tax would be restructured in 2015 whereby the chargeable income subject to maximum rate would be increased from exceeding RM100,000 to exceeding RM400,000; Cooperative income tax rate would be reduced by one to two percentage points next ...
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax , goods and services tax (GST), value added tax (VAT), or consumption tax .
Normally the business passes the tax on to the purchaser. There is a tax imposed by the state and there may also be local taxes imposed by counties and cities. [44] As of July 1, 2008, the combined tax rate ranged from 5.125% to 8.4375%. [45] Property tax is imposed on real property by the state, by counties, and by school districts. In general ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Because the rate of a sales tax does not change based on a person's income or wealth, sales taxes are generally considered regressive. However, it has been suggested that any regressive effect of a sales tax could be mitigated, e.g., by excluding rent, or by exempting "necessary" items, such as food, clothing and medicines. [21]
As of August 2015, the highest total general sales tax rate in Alabama is in the portions of Arab that are in Cullman County, which total to 13.5%. [51] Alabama still taxes groceries, which disproportionately affects minorities and low income families with children, albeit at a rate of 3%, lower than the general sales tax rate. [39] [40]