Finance Minister Dr. Ashni Singh has proposed that the income tax threshold moves to $100,000 thereby allowing thousands of persons to pay fewer or no taxes.
Dr. Singh, while presenting the 2024 $1.146 trillion National Budget, said 13,000 people will be removed from paying income taxes as a result of this move.
Those workers who will no longer pay income taxes are those who earn $100,000 or less. What this also means is that individuals will only pay tax on the amounts earned after the first $100,000 is deducted.
In 2022, the income tax threshold was increased to $85,000.
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You sent me 19 articles on BUDGET 2024….
You could have condensed all into one (1) article and save time, effort but, rather, you just wasted precious time.