Rate of income-tax for local authorities remains unchanged; surcharge applies and marginal relief available for high-income local authorities. Rate of income-tax for every local authority is preserved at the level specified for the prior assessment year. Surcharge is imposed on local authorities ... Summary
Rate of income-tax for local authorities remains unchanged; surcharge applies and marginal relief available for high-income local authorities.
Rate of income-tax for every local authority is preserved at the level specified for the prior assessment year. Surcharge is imposed on local authorities whose income exceeds the high-income threshold, levied at a specified percentage, and marginal relief is provided to mitigate abrupt liability increases near that threshold.
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TaxTMI 
TaxTMI 
