Average income
The amount foreign workers get are usually 3 times as much as Africans in the same job. Employers, known as the “boss” are made to reduce taxes on salaries. They are supposed to work, or the highest duration they should work is about 40 hours in one week.
Everyone who owns a residence (house) must pay every year of personal income taxes. There are two types: General tax & Specific tax which depend on the income group.
People are required to pay the government tax so support them on their activities (I think that’s quite silly).80% of the employment’s income (their money) is taxed by 1.5%. So that means they have to pay the government a little higher. The general tax is gradually getting higher from 2%-36%.
When you open a business, you can choose to be taxed by 25%, or to be taken out from the general income tax. (Tough choice isn’t it?)
When you earn money, it is taxed and for industrial and commercial profits, lands & agriculture. Costs for business are lessened if they are only related to business. Royalties, and similar payments are deductible if they have a good reason to.
The income is: USD 690 per capita
Everyone who owns a residence (house) must pay every year of personal income taxes. There are two types: General tax & Specific tax which depend on the income group.
People are required to pay the government tax so support them on their activities (I think that’s quite silly).80% of the employment’s income (their money) is taxed by 1.5%. So that means they have to pay the government a little higher. The general tax is gradually getting higher from 2%-36%.
When you open a business, you can choose to be taxed by 25%, or to be taken out from the general income tax. (Tough choice isn’t it?)
When you earn money, it is taxed and for industrial and commercial profits, lands & agriculture. Costs for business are lessened if they are only related to business. Royalties, and similar payments are deductible if they have a good reason to.
The income is: USD 690 per capita