|Subject: UN: East Timor introduces tax on
wages and income
East Timor introduces tax on wages and income
14 December The head of the United Nations Transitional Administration in East Timor (UNTAET) today signed an amendment to a previously approved regulation, introducing a tax on wages and income.
The amendment signed by Sergio Vieira de Mello will introduce on 1 January 2001 a tax on wages and new arrangements for a business income tax, as well as amend the taxes applying to imports.
Under the amended regulation, persons earning more than $100 per month will pay 10 per cent of their income above $100 per month, while those earning above $650 will pay 30 per cent of their wages. The tax will not apply to people who earn less than $100 per month.
All revenue collected will go to the East Timor budget.
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