flat-rate tax

flat-rate tax

A tax calculated as a certain percentage of income, with all persons paying the same percentage.

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Introduction of a flat-rate tax for small entrepreneurs from the self-employed with a turnover of up to CZK 1 million : It will be possible to solve the three different payments following one of the three forms for income tax, social security and health insurance payments on one form and thus one flat rate payment.
Voter approval would mean eliminating the current flat-rate tax of 4.95%.
Designed to replace local authority domestic property taxes with a single flat-rate tax on every adult, it relied totally on accurate community charge registers - which councils had to compile while simultaneously persuading electors that of course they were hermetically insulated from the electoral registers assembled in a separate part of the council building.
- The revision of the flat-rate tax regime in terms of industrial and commercial profits to bring about 400,000 lump-sum payers that contribute only up to 28 MD a year or 70 D per year per person, to contribute to payment of the tax, without excessively burdening their contribution.
There was also speculation that flat-rate tax relief was on the way.
Osborne's obsessed with 331 votes and it's perhaps no coincidence Tory MPs poised to receive a pay rise to PS74,962 a year would be among the 15% of losers had Chicken George found the courage to introduce flat-rate tax relief of 25% or 30% on pension contributions.
In contrast, if the debt is repaid through a flat-rate tax increase with no change in experience-rating, unemployment would increase because of the perverse incentives on employers.
Within the scope of a German legislative procedure concerning the one-off flat-rate tax payment a higher proportion of the German Laender and communes will receive payment than would have resulted from the distribution key in the case of tax on investment income.
taxation with European taxation; tax-reform proposals such as the Fair Tax and the flat-rate tax; the effects of federal taxation on health care, housing, and state and local government; and the value-added tax, Bartlett's analysis is illuminating.
To curb this tendency, the Ministry of Economics is working on a bill to establish a new type of company: the status of micro-enterprise could come into effect this summer and would allow small businesses to pay a flat-rate tax of 20 percent on turnover.
This favourable tax regime is widespread within the EU and enables shipping companies not to pay company tax, but only a flat-rate tax based on the tonnage of their fleet.
Both the ruling and opposition parties have a responsibility to clarify the source of funds that will be used to raise government funding of the basic pension to 50 percent in the next fiscal year and to support a flat-rate tax cut included in the emergency economic package.