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Henry Commission Approves Mileage Rate, ...

McDONOUGH – The Henry County Council of Commissioners approved both the county mileage rate and the creation of four tax districts. The county’s 12.733 mileage rate will remain the same as last year. However, due to an increase in the tax digest, the county will collect more taxes in fiscal 2021 compared to last year. […]

EPF: What is the EPF? Connection to emp...

About the Employee Provident Fund The Employee Provident Fund or EPF is one of the savings plans aimed at the salaried class. It aims to facilitate the way to save money to build a sufficient corpus to meet their post-retirement expenses. At present, the scheme has facilitated over 5 million people and is governed by […]

Eligibility, interest rate, tax benefits...

India Post or Department of Posts, which operates the country’s postal system, also offers nine savings plans with different interest rates. One of these savings programs offered by India Post is the Senior Citizen Savings Scheme (SCSS). The interest rates applicable to these schemes are currently reviewed quarterly by the Ministry of Finance. Here is […]

Interest rate, tax refund, other feature...

India Post or Department of Posts offers term deposits (TD) as part of its banking products. These term deposits, also known as term deposits (FD), require investors to deposit a lump sum of money for a specific period and benefit from features such as choice of interest payment. The post office term account can be […]

Seniors Savings Plan: interest rate, tax...

In public and private sector banks, a SCSS account can be opened, outside of regional post offices. Most seniors look for places to keep their savings safe and at the same time get a moderate rate of return. The Seniors Savings Plan (SCSS) offers the same with investment security, a steady stream of income as […]

Letter: Lump-sum tax break would encoura...

Hats off to Merryn Somerset Webb for reminding us that the purpose of the pension tax break is to encourage people to save enough for a half-decent retirement, not to provide a (generous) subsidy to high incomes. who can take care of themselves (“Pensions Tax Relief on a Slippery Slope”, February 22). The best way […]

Clarifications regarding the reduction o...

Cyprus: Clarifications regarding the reduction of the dividend tax rate in Greece February 24, 2020 Eurofast To print this article, simply register or connect to Mondaq.com. The Greek authorities reduced the dividend tax rate from 10% to 5% as of January 1, 2020. As a result, the percentage of withholding tax on dividends has also […]

Postal term deposit vs NSC: interest rat...

Representative image Highlights Among the many investment opportunities available to save tax, two of the most popular short-term investment instruments are the National Savings Certificate and the 5-Year Postal Term Deposit. Both the NSC and the 5-year POTD are issued by post and the capital invested in both programs is government protected and fully secured. […]

Nigerian government proposes 50% increas...

Nigeria: Nigerian government proposes 50% increase in VAT rate September 23, 2019 Deloitte Nigeria To print this article, simply register or connect to Mondaq.com. The Federal Executive Council (FEC) of the Federal Government of Nigeria (FGN) on Wednesday, September 11, 2019 approved a 50% increase in the rate of value added tax (VAT) applicable on […]

Reduction of the special contribution ra...

Cyprus: Reduction of the special contribution rate for defense September 20, 2019 Areti Charidemou & Associés LLC To print this article, simply register or connect to Mondaq.com. The rate of the special defense contribution on interest income received by natural persons domiciled for tax purposes in Cyprus from corporate bonds has been reduced from 30% […]