Personal Income Taxation
Xuande-Xiphoi utilises a progressive tax system. Tax is paid as a rate on taxable income within certain ranges. Xuande-Xiphoi has two income tax ranges; one for Xuande-Xiphoian Citizens and Nationals, and the other for Open Border Visa Holders, which is a higher rate with no tax-free entitlement.
Income Band (in XX€) |
XX Citizens & Nationals |
Open Border Visa Holders |
€ 50,000,001 and higher |
63% |
69% |
€ 5,000,001 to € 50,000,000 |
53% |
58% |
€ 1,500,001 to € 5,000,000 |
44% |
49% |
€ 900,001 to € 1,500,000 |
36% |
41% |
€ 450,001 to € 900,000 |
29% |
34% |
€ 150,001 to € 450,000 |
23% |
28% |
€ 92,501 to € 150,000 |
18% |
23% |
€ 92,500 and below |
0% |
10% |
All income tax is assessed on an individual basis.
Taxable income includes all personal income with the exception of listed exemptions, which could include:
Through a taxpayer's Amalgamated Taxation Reference Number (ATRN), Xuande-Xiphoi utilises a pay-as-you-go system for tax, wherein employers are obligated to withhold an appropriate amount of tax on behalf of the taxpayer.
Taxable income includes all personal income with the exception of listed exemptions, which could include:
- Social Development Payments made to individuals by the Ministry of Social Development;
- Income of diplomats, where exempted by the Diplomatic & Consular Privileges and Immunities Act 2009.
- Payments and settlements as a result of Court decisions, when exempted by the judicial officer.
- Payments made to Citizens for service on the Citizen's Assembly.
- Payments made to people actively engaged in overseas operational service as a member of, or supporting, a disciplined force of Xuande-Xiphoi.
Through a taxpayer's Amalgamated Taxation Reference Number (ATRN), Xuande-Xiphoi utilises a pay-as-you-go system for tax, wherein employers are obligated to withhold an appropriate amount of tax on behalf of the taxpayer.