|
|
Where any payments in relation to annual leave entitlements prior to 16 August 1978, only 5% of this portion of lump sump payment will be assessable at marginal tax rate.
Unused annual leave amounts accruing after 15 August 1978 and before 18 August 1993 are included in full in assessable income and amounts will be taxed at normal marginal rates, but up to a maximum rate of 31.5%.
For amounts accruing after 17 August 1993, normal progressive rates of tax apply unless the amounts are received as part of an approved early retirement scheme or genuine redundancy, in which case the normal rates only apply up to a maximum rate of 31.5%. |
|
论坛元老