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2009
50% of salaries tax and tax under personal assessment deduction for year of assessment 2008/09

The government propose a one-off tax reduction of 50% of salaries tax and tax under personal assessment for 2008-09, subject to a ceiling of $6,000. The reduction will be reflected in the taxpayer’s final tax payable for 2008-09. This proposal will cost the Government about $4.1 billion and benefit all 1.4 million taxpayers.