Each country had adopted different taxation methods. The amount of money that one pays as a tax depends on certain things. Each system is designed to ensure that there is a fair mode of taxation on every citizen of that country. You should submit your pay slip to the tax authority to ensure that there is a fair amount of money is paid as tax.
Each country has several tax payments that everyone should pay. The most common ones are the pay as you earn and the value added tax. Each tax is a must to pay, and any failure or default may be punishable by fines or jail time.
Different countries have different levels of tax that is supposed to be paid. The amount of money that is taxable is determined by deducting the deductibles. The … Read the rest