The Individual Income Tax Act (630): Difference between revisions
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The Individual Income Tax Act (630) (view source)
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''An act to fund government expenditure from individual revenues.''<br>
''Passed on 26 Sep 2021 with 5 Aye, 0 Nay, 0 Abstain,''<br>▼
''AMENED by the [[Amendment: The Individual Income Tax Act (630)]]''<br>
▲''Passed on 26 Sep 2021 with 5 Aye, 0 Nay, 0 Abstain,''
==Article 1 - The Income Tax==
:1.1 - Creates a progressive tax on all earnings by citizens of the Republic set at the median annual tax rate of
:1.2 – The first ₣15,000 of Income shall be tax free<br>
:1.2 - ₣15,000 - ₣30,000 shall be taxed at
:1.3 - ₣30,000 - ₣60,000 shall be taxed at
:1.4 - ₣60,000 - ₣120,000 shall be taxed at
:1.5 - ₣120,000 and over shall be taxed at
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