Tag Archives: NO MORE APPEALS: MP Buncamper questions Minister of Finance on taxes levied on pension income

Buncamper inquired from the minister how much additional income would government stand to generate if the pension premiums of all working residents were no longer deductible from the gross salary, and the income tax was to be calculated based on the gross taxable salary? He also queried if it would be beneficial for government to levy taxes on the gross salary (without deducting the pension premium payments) and cease levying taxes on pension income, and how much government would stand to lose or gain?

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