Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
12:34 Jun 24, 2004
This question was closed without grading. Reason: Answer found elsewhere
Chinese to English translations [PRO] Law: Taxation & Customs
Sorry, folks.... I didn't know who to give the points to. And if I give it to one of you, it's not fair to the rest. SORRY......
I checked out "specific tax exemption" and it seems to be the term I am looking for.
a fixed ceiling on income tax exemption(imposed on life insurance payouts)
Explanation: Some governments do not differentiate a lump-sum capital payment from the recurrent nature of annual payments and they insist on taxing part of the life insurance payouts as if they are annually earned income.
Ozethai Australia Local time: 16:20 Native speaker of: Thai, Chinese