personal income tax tagged posts

Samoan Church Choosing to Ignore New Taxes

May 31, 2018 Taxation in Samoa

Church tax in SamoaAPIA – During a recent Assembly, the Congregational Christian Church of Samoa has announced that it intends to ignore the government’s new tax on the income of ministers.

Samoa is seeing an escalation in the controversy surrounding the church taxes, as the Congregational Christian Church of Samoa has outright refused to comply with the newly announced tax on ministers’ incomes.

Earlier this year the government of Samoa passed new regulations requiring church ministers to pay income tax on the earnings they receive from their congregation.

The church claimed that it will need to discuss the impact of the tax and their possible reaction during their General Assembly, which was held last week.

It was the decision of the Church to not pay the tax, and to reject the system entirely, as the...

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Mobile Money Under Tax Threat in Uganda

May 3, 2018 Taxation in Uganda

Airtel Money - mobile moneyKAMPALA – Taxes on mobile money could seriously dampen the uptake of modern financial technology and systems in Uganda.

On May 1st, at the launch of the Uganda Rural Challenge Fund, representatives of financial institutions in Uganda collectively claimed that the government’s planned tax on mobile money transfers will inhibit financial inclusion.

The government hopes to enact a tax of 1 percent on all mobile money transactions.

Mobile money and other cell phone-centric payment systems have proven to be popular in Uganda, especially among poorer taxpayers who do not have ready access to banks and other traditional financial tools and services.

Uganda currently has an estimated 20 million mobile money users, and the Uganda National Financial Inclusion Strategy 2017-2022 hopes to see the...

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Top Taxpayers Pay a Third of Hong Kong’s Taxes

April 26, 2018 Taxation in Hong Kong

top taxpayers in Hong KongHONG KONG – A third of Hong Kong’s personal income tax comes from the richest people 1.5 percent of taxpayers, and some politicians want them to pay even more.

New information released by the Financial Services and the Treasury Bureau in Hong Kong on April 24th indicates that the top 1.5 highest earning taxpayers in the city paid more than a third of the personal income tax collected in 2017.

In the 2016-2017 year, a total of HKD 63.6 billion in personal income tax was collected in Hong Kong.

The top 1.5 percent of taxpayers directly contributed HKD 22.8 billion of the total.

Of the top 1.5 percent of taxpayers, half had salaries of between HKD 2 million and HKD 5 million, though approximately 2 700 of the richest taxpayers had salaries exceeding HLD 10 million.

Personal income tax in Hon...

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Connect to Social Media and Get Taxed, Says Uganda

April 13, 2018 Taxation in Uganda

social media tax ugandaKAMPALA – Uganda’s government wants to anyone who uses social media platforms, as such technology is used primarily for gossip.

The government of Uganda is looking to enact a new tax on the use of social media on mobile devices, a move which is claimed will plug budgetary gaps, even though some are claiming it’s actually aimed at quashing dissent among taxpayers.

The new tax would be levied at a rate of UGX 100 per day per SIM card, if that SIM card is used to connect to a social media service.

The proposed tax not only encapsulates connections to traditional social media platforms such as Facebook, but also extends to platforms used primarily for communication, such as WhatsApp, Skype, and Viber.

President Yoweri Museveni claimed that the social platforms are used primarily for lugamb...

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Remittance Tax in Kuwait, A First in the GCC

April 10, 2018 Taxation in Kuwait

remittance tax in kuwaitDOHA – Foreigners working in Kuwait will have a harder time if they plan on sending money home.

Earlier this month the Parliamentary Financial and Economic Affairs Committee of Kuwait announced that it has approved a bill which would impose a tax on overseas remittance sent by expats in the country.

The new tax is intended to be tiered, in order to lessen the impact on low-income earners.

The rate of tax applied to remittance of between KWD 1 and KWD 99 is only 1 percent, while the rate of transfers of between KWD 100 and KWD 200 are set at 2 percent, 3 percent for transfers of up to KWD 499, and 5 percent on all further transfers.

The government expects that if the tax is enacted, it could lead to tax revenues f as much as KWD 70 million.

The current level of remittance in Kuwait is esti...

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