If you are single you are tax exempt up to 7,664 Euros(15, 329 for married couples) per annum.After that you are liable for 15% tax up to 52,152(104,304 for couples). From 52,153 to 250,000 the tax is 42% & over that is 45%. For example, if you are single & earn 15,000 per annum you are liable to pay tax on 7,336(15,000 minus 7,664(personal tax allowance). So 15% of 7,336 is 1100,40.
briefly explain the tax system of Sierra Leone
If you are earning money then you should report it. The tax system will allow you to make a certain amount before you have to pay tax BUT you should let the system work this out. If you do not declare your income and you do owe tax then they will eventually come after you and fine you for not declaring your earnings.
The principles of good tax system is that it is efficient, understandable and equitable. The benefit principle is also another principle of a good tax system.
A flat tax system. A Proportional tax system is one that takes more as you earn more.
In Canada, the government collect money from individuals to help to pay for government programs and services, for instance schools are one which needs to be paid for, therefore it is paid for through tax.
briefly explain the tax system of Sierra Leone
briefly explain the tax system of Sierra Leone
tax system is fair
The proportional tax system refers to the same percentage of tax regardless of the taxpayer's earnings. Proportional tax is also called as a flat tax.
If you are earning money then you should report it. The tax system will allow you to make a certain amount before you have to pay tax BUT you should let the system work this out. If you do not declare your income and you do owe tax then they will eventually come after you and fine you for not declaring your earnings.
The proportional tax system refers to the same percentage of tax regardless of the taxpayer's earnings. Proportional tax is also called as a flat tax.
The principles of good tax system is that it is efficient, understandable and equitable. The benefit principle is also another principle of a good tax system.
no -- it is a regressive tax; earn more, pay more; capitalism is the opposite: work more, earn more, keep more.
"Work" translates into German as "Arbeit", "Tätigkeit" or "Werk".
Wirst du arbeiten? means will you work in German
Yes, Zins is a German last name. It is derived from the Middle High German word "zinse," meaning tax or duty, and was likely used as an occupational surname for a tax collector or someone involved in financial matters.
A flat tax system. A Proportional tax system is one that takes more as you earn more.