New legislation eliminates second-tier "earnings tax" on passive income

Journal
Koebel, G.J.
Northern Mariana Islands
Asia-Pacific Tax Bulletin 1999 (Volume 5), No. 1
FormatPDF
EUR
40
| USD
45
(VAT excl.)

The Taxpayer Relief Act of 1997 effectively removed passive income from the scope of the earnings tax and raised the rebate amount in respect of tax paid by residents on domestic- source income.