NATIONAL DEBIT TAX CONCEPT

THE TAXATION SYSTEM FOR THE 21ST CENTURY


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What Is The Debit Tax

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The Debit Tax Formula is simply an added percentage, one third of one percent (0.33%) is suggested, to the amount withdrawn from all accounts by Banking and Financial institutions. This tax, when cleared, is instantly deposited through the Electronic Funds Transfer (EFT) system into the National Treasury.

Tax rate can only be changed through

Citizens Initiated Referendum

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To learn more or to offer comments about the Debit Tax - Write to this address

Return to The Debit Tax Home Page


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Main Page How the Debit Tax works
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