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Personal income tax is applicable to total taxable income of an Individual and all individuals are taxed at progressive marginal rates over a series of income brackets. The tax year runs from 1 March to 28 February. Tax rates for the 2010–2011 to 2012–2013 tax years were as follows: [1]
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 ...
If incorrect tax credits are applied by the employer, then a refund of tax is due. Tax refunds may also be due for income deductions that are applied after the tax year has ended, if one finishes working prior to the year end, or for joint assessment of taxes for a married couple. Tax refunds must be claimed within four years of the end of the ...
Picture Name (Birth–Death) Party Term start Term end Minister of Finance; 1: Otto Herrigel: 1937–2013: SWAPO: 1990: 1992 2: Gert Hanekom: 1930–1999: SWAPO
The Tax Relief for American Families and Workers Act of 2024 includes a trio of business deductions that could impact 33 million small businesses and an expansion of the child tax credit, which ...
General Tax Directorate — Nigeria: Federal Inland Revenue Service — Netherlands: Tax and Customs Administration (Dutch: Belastingdienst) — New Zealand: Inland Revenue Department (IRD; Māori: Te Tari Taake) — Norway: Norwegian Tax Administration (Norwegian: Skatteetaten) — Pakistan: Federal Board of Revenue (FBR; Urdu: وفاقی ...
Nearly 21 million people in the U.S. have already received their federal tax refunds, but North Carolina residents are still waiting on money from the state. That’s because the state just ...
It is also hard and administratively exhaustive to collect tax debt from taxpayers in financial difficulties. Tax courts have a heavy job workload and collecting taxes takes a long time. Tax amnesty is an easy and beneficial way to solve these administrative difficulties.