TAX REBATE
|
|
Rebate Amount
(10% of 1997-98 Final Tax) |
Number of Taxpayers
who will benefit |
|
Salaries Tax
|
| up to $500 |
660 000 |
| $501 to $1,000 |
150 000 |
| $1,001 to $5,000 |
360 000 |
| $5,001 to $10,000 |
100 000 |
| over $10,000 |
80 000 |
| Total |
1 350 000 |
|
Profits Tax
|
| up to $5,000 |
58 000 |
| $5,001 to $10,000 |
12 000 |
| $10,001 to $100,000 |
25 000 |
| $100,001 to $1,000,000 |
4 400 |
| over $1,000,000 |
600 |
| Total |
100 000 |
|
Personal Assessment and Property Tax
|
| up to $1,000 |
170 000 |
| $1,001 to $5,000 |
65 000 |
| $5,001 to $10,000 |
10 000 |
| over $10,000 |
5 000 |
| Total |
250 000 |
|
