Income tax threshold
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| Taxation |
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| An aspect of fiscal policy |
The income tax threshold is the income level at which a person begins paying income taxes.[1] The income tax threshold equates to the:
- Personal allowance in the UK, which is £12,500 for 2019/20.[2]
- Basic allowance in Germany, which is €9,408 in 2020.[3]
- Income tax threshold in France, which was €6,088 in 2012.
- The standard deduction in the US, which was $12,000 in 2018 for a single person.
- Basic personal amount in Canada, which was C$11,809 in 2018.[4]
- Tax-free threshold in Brazil, which was R$33,888 in 2025.[5]
- Tax-free threshold in Australia, which was A$18,200 in 2023–24.[6][7]
- Tax-free threshold in Greece, which was €9,545 in 2016.[8]
- Tax-free threshold in Poland was 30,000 PLN in 2022.[9]
See also
[edit]References
[edit]- ^ "Poverty and Income Tax Entry Threshold". www.taxpolicycenter.org. Archived from the original on 2011-09-26.
- ^ Information about Personal Allowance on gov.uk
- ^ Information on Basic Tax Allowance on make-it-in-germany.com
- ^ Agency, Government of Canada, Canada Revenue (23 January 2004). "2018 indexation adjustment for personal income tax and benefit amounts". www.cra-arc.gc.ca.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "Entrega do Imposto de Renda 2025 começa hoje, dia 17". Secretariat of Social Communication of Presidency of Brazil (in Brazilian Portuguese). 2025-03-17. Archived from the original on 2025-06-26. Retrieved 2025-06-26.
Valor de rendimentos tributáveis anuais que obrigam a entrega da declaração subiu de R$ 30.639,90 para R$ 33.888
- ^ What is the tax-free threshold? Archived 2012-07-01 at the Wayback Machine
- ^ "Individual income tax rates". ato.gov.au. Archived from the original on 2011-06-29. Retrieved 2012-04-20.
- ^ "Tax-free threshold could be scrapped".
- ^ "Kwota wolna od podatku PIT 2022 | e-pity".