The tax is withheld from wages and can reach a marginal rate of 52%. As an example of the breadth 9L0 509 of the tax net, value gains in owner-occupied homes are treated as personal income, even though those gains are not realized (i.e. do not equate to cash in hand).
Interest can be deducted as a cost incurred in earning the income. The tax on business income is a flat tax of 25% and only applied to "substantial business interests", which are generally a shareholding of 5%. A flat tax is paid on savings and investments, 9L0 402 even if the gain is not realized.The income tax in Peru is collected by the Superintendencia Nacional de Administración Tributaria (SUNAT). This country uses a system of progressive taxation on personal income, and a flat rate tax on business income.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment