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The New Individual Income Tax Act, 654: Difference between revisions

From The Kodiak Republic Wiki

Line 5:
:1.1 - The Individual Income Tax Act (630) Is Repealed
:1.2 - A single income tax is created throughout the territory of Kodiak. It is charged from a monthly salary in florins. If the salary is not received in florins, then the tax is collected from the salary transferred to florins. The amount of income tax varies in accordance with Articles 1.3, 1.4 and 1.5 of this law.
:1.3 - The first 15,10 000 florins are not taxed.
:1.4 - Each florin over 1510 000 florins per month up to 2015 000 florins per month is taxed 4030%.
:1.5 - The tax increases by 10% every 5 000 florins.
 
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