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 |
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
|
Plural Income Earners Tax
| Band |
Tax Rate |
Yearly Plural Income Band (KPT) |
Details
|
| Tax Free |
0% |
250,000 |
|
| Band I |
15% |
250,001-350,000 |
250KPT per children, maximum three children until he/she capable to have a sustainable, reliable, and stable income
|
| Band II |
20% |
350,001-450,000 |
250KPT per children, maximum three children until he/she capable to have a sustainable, reliable, and stable income
|
| Band III |
25% |
450,001-600,000 |
300KPT per children, maximum four children until he/she capable to have a sustainable, reliable, and stable income
|
| Band IV |
30% |
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
