Personal Tax tagged posts

Samoa’s Church and State Settle Tax Stoush

June 28, 2018 Taxation in Samoa

Church tax in SamoaAPIA – The stand-off between the church and the state in Samoa may have come to an end, as the government backs down over its intention to tax church ministers.

The government of Samoa and the Congregational Christian Church of Samoa appear to have settled their standing dispute regarding the taxation of Ministers.

Earlier this year the government enacted new regulations which would make ministers liable to pay income taxes on the money they make as donations from their congregation.

Over the course of this week, the parliament of Samoa rushed through a new bill which amends the initial rules on the taxation of Ministers.

Under the new rules, Ministers will not pay income tax on the monies they receive as donations from funerals, weddings and other traditional occasions.

The Church has ...

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750k Brits Missed Their Tax Deadline

February 2, 2018 Taxation in UK

HMRC deadlineLONDON – The HM Revenue and Customs have revealed that nearly three-quarters of a million taxpayers did not file their mandatory tax self-assessment forms this week.

The deadline for filing tax self-assessment forms for UK taxpayers was January 31st.

However, a total of 745 588 failed to meet their obligation.

Overall, 10.7 million returns were filed, and 30 348 of those were filed in the last allowable hour.

Despite the significant number of missed fillings, the compliance rate has actually improved.

In 2017 the compliance rate was 7 percent, while in 2016 the rate was 8 percent, and now the rate has dropped to 6.5 percent.

Those who file their return late face a penalty of at least GBP 100, although further penalties may be incurred if no effort is made to comply with their requiremen...

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Tax Data Explains Gender Pay Gap

November 17, 2017 Taxation in Australia

pay gap australiaCANBERRA – The pay gap in Australia has been explained using tax data from Australia.

New research published in the book Tax, Social Policy and Gender: Rethinking Equality and Efficiency has used Australian tax data to quantify the income inequality between men and women.

The results of the research showed that women have more interrupted work pattern than men, primarily due to facing a higher burden of childcare than men.

Due to the interrupted work patterns, the positive effects of higher education for women, have a reduced impact on incomes compared to the impacts enjoyed by men.

Due to the reduced impact of education and the significant interruptions to working time, the net incomes of women during their working lives is lower than for men.

Further, as the Australian superannuation sy...

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Ministers Face Taxation in Samoa

June 6, 2017 Taxation in Samoa

Church tax in SamoaAPIA – The clergy of Samoan churches may soon have to pay tax on the monetary gifts that they are given, despite protestation from the churches and members of the public.

The government of Samoa has now approved legislation which will force church ministers in the country pay taxes.

Currently, personal donations made to the ministers by people within their congregation are not taxed on personal donations made to them due to their work in the church.

The government hopes to tax such donations, as it sees the funds as being an income and believes that all individuals in the country should pay their share of the national tax burden.

The government has allowed a tax-free threshold to be implemented, with ministers who earn less than USD 7 500 being allowed to forego paying taxes in the offer...

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Young UK Taxpayers Told to Keep Paying For Life

May 5, 2017 Taxation in UK

Taxes for young peopleLONDON – Young taxpayers in the UK may be told that they will be paying taxes past retirement, a pain that older taxpayers would be spared.

A leading economist in the UK has suggested that National Insurance Contributions should be paid by taxpayers even after retirement.

The economist, Sir Andrew Dilnot, said that it is “perfectly plausible” that workers would be required to pay the NIC in order to help fund social insurance systems or social care.

He added that a decision about such a possibility should be taken by Ministers no later than November this year.

Sir Andrew Dilnot added that the NIC should not be charged at its full rate on any individuals who have already reached retirement age, as “…that’s wasn’t the deal they signed up to.”

However, despite suggesting that ...

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