For the types of tax listed in the table below, outline (using bullet points) the key aspects of that type of tax, and how it applies in relation to financial services.

An example has been provided for you.

 

Tax measure	Key aspects and application relevant to financial services
PAYE	PAYE stands for Pay as you earn. It is the system for collecting tax from your earnings  during the tax year. Deducted at source from salary & wage earners - will include deduction for ACC earner's non work levy.
Withholding tax
GST
Personal tax rates
Company tax
Prescribed Investor Rate
Fringe Benefit Tax

Answer rating: 100% (QA)

Here are the key aspects and applications of various types of taxes in relation to financial services Withholding Tax Withholding tax is a tax levied ... View the full answer