Difference between revisions of "Taxation in Karimun"

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Income taxation is subject to Federal government regulations defined by the economic realities of that particular area.
 
Income taxation is subject to Federal government regulations defined by the economic realities of that particular area.
  
−
==Single Tax==
+
==Citizen==
 +
 
 +
People of Karimun who are citizens of the Federation of Karimun that have worked more than 3 months and have guaranteed income must pay tax.
 +
 
 +
===Single Income Earner Tax===
  
 
{| class="wikitable"
 
{| class="wikitable"
 
|-
 
|-
−
! Band !! Tax Rate !! Yearly Income Band (KPT) !! Details
+
! Band !! Tax Rate !! Yearly Single Income Band (KPT) !! Details
 
|-
 
|-
 
| Tax Free || 0% || 250,000 ||  
 
| Tax Free || 0% || 250,000 ||  
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|}
 
|}
  
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==Married Tax==
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===Plural Income Earner Tax===
  
 
{| class="wikitable"
 
{| class="wikitable"
 
|-
 
|-
−
! Band !! Tax Rate !! Income Band (KPT)!! Details
+
! Band !! Tax Rate !! Yearly Plural Income Band (KPT) !! Details
 
|-
 
|-
−
| Tax Free || 0% || Under 15,000KPT ||  
+
| Tax Free || 0% || 250,000 ||  
 
|-
 
|-
−
| 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 I || 10% || 250,001-350,000|| 250KPT per children, maximum three children until he/she capable to have a sustainable, reliable, and stable income
 
|-
 
|-
−
| 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 II || 15% || 350,001-450,000|| 250KPT per children, maximum three children until he/she capable to have a sustainable, reliable, and stable income
 
|-
 
|-
−
| 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 III || 20% || 450,001-600,000|| 300KPT per children, maximum four children until he/she capable to have a sustainable, reliable, and stable income
 
|-
 
|-
−
| 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 IV || 25% || Above 600,001|| 450KPT per children, maximum five children until he/she capable to have a sustainable, reliable, and stable income
 +
|}
 +
 
 +
==Resident==
 +
 
 +
People of foreign nations who residing in the Federation of Karimun who managed to acculumate wealth within the state or have worked more than three months and have guaranteed income have to pay tax.
 +
 
 +
{| class="wikitable"
 +
|-
 +
! Band !! Tax Rate !! Yearly Resident Income Band (KPT) !! Details
 +
|-
 +
| Tax Free || 0% || 250,000 ||
 +
|-
 +
| Band I || 10% || 250,001-450,000|| Additional 1,500KPT for non-BEZ residents
 +
|-
 +
| Band II || 20% || Above 450,000|| Additional 1,500KPT for non-BEZ residents
 
|-
 
|-
−
| 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
 
 
|}
 
|}
  
 
=Corporation Tax=
 
=Corporation Tax=
 +
 +
  
 
[[Category:Terraconseva]]
 
[[Category:Terraconseva]]
 
[[Category:Karimun]]
 
[[Category:Karimun]]

Revision as of 03:31, 21 January 2021

Income Tax

Income taxation is subject to Federal government regulations defined by the economic realities of that particular area.

Citizen

People of Karimun who are citizens of the Federation of Karimun that have worked more than 3 months and have guaranteed income must pay tax.

Single Income Earner Tax

Band Tax Rate  Yearly Single 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

Plural Income Earner Tax

Band Tax Rate  Yearly Plural Income Band (KPT) Details
Tax Free  0% 250,000
Band I  10% 250,001-350,000 250KPT per children, maximum three children until he/she capable to have a sustainable, reliable, and stable income
Band II  15% 350,001-450,000 250KPT per children, maximum three children until he/she capable to have a sustainable, reliable, and stable income
Band III  20% 450,001-600,000 300KPT per children, maximum four children until he/she capable to have a sustainable, reliable, and stable income
Band IV  25% Above 600,001 450KPT per children, maximum five children until he/she capable to have a sustainable, reliable, and stable income

Resident

People of foreign nations who residing in the Federation of Karimun who managed to acculumate wealth within the state or have worked more than three months and have guaranteed income have to pay tax.

Band Tax Rate  Yearly Resident Income Band (KPT) Details
Tax Free  0% 250,000
Band I  10% 250,001-450,000 Additional 1,500KPT for non-BEZ residents
Band II  20% Above 450,000 Additional 1,500KPT for non-BEZ residents

Corporation Tax

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