Difference between revisions of "Taxation in Karimun"
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| Band II || 15% || 350,001-450,000|| | | Band II || 15% || 350,001-450,000|| | ||
|- | |- | ||
− | | Band III || 20% || 450,001-600,000|| | + | | Band III || 20% || 450,001-600,000|| |
|- | |- | ||
− | | Band IV || 25% || Above 600,001|| | + | | Band IV || 25% || Above 600,001|| |
|} | |} | ||
Revision as of 03:16, 21 January 2021
Income Tax
Income taxation is subject to Federal government regulations defined by the economic realities of that particular area.
Single Tax
Band | Tax Rate | Yearly Income Band (KPT) | Details |
---|---|---|---|
Tax Free | 0% | 250,000 | |
Band I | 10% | 250,001-350,000 | |
Band II | 15% | 350,001-450,000 | |
Band III | 20% | 450,001-600,000 | |
Band IV | 25% | Above 600,001 |
Married Tax
Band | Tax Rate | Income Band (KPT) | Details |
---|---|---|---|
Tax Free | 0% | Under 15,000KPT | |
Band I | 7.5% | 15,001-25,000 | 250KPT per children (Max, 3 children that are taxable until the children could work and pay taxes) and 400KPT if he/she have non-working partner |
Band II | 10% | 25,001-35,000 | 250KPT per children (Max, 3 children that are taxable until the children could work and pay taxes) and 400KPT if he/she have non-working partner |
Band III | 15% | 35,001-45,000 | 250KPT per children (Max, 3 children that are taxable until the children could work and pay taxes) and 400KPT if he/she have non-working partner |
Band IV | 20% | 45,001-55,000 | 1000KPT plus 15% of the amount over 45,001KPT plus 250KPT per children (Max, 3 children that are taxable until the children could work and pay taxes) and 400KPT if he/she have non-working partner |
Band V | 25% | Above 55,001 | 2000KPT plus 20% of the amount over 55,001 plus 250KPT per children (Max, 3 children that are taxable until the children could work and pay taxes) and 400KPT if he/she have non-working partner |