Sentences with phrase «levy on bank deposits»
Billions have poured into Cyprus over the past few years, but in March the EU had to bail out the country's banking system, resulting in a new levy on bank deposits $ 100,000.
http://www.canadianbusiness.com/
On the other hand, the interest which is levied on bank deposits is a division of the taxable income and thus is taxes are applicable as per the defined rates.
Not exact matches
No - it provides for a haircut on depositors that is being called a «stability levy» amounting to 9.9 % on deposits over 100,000 euros, and 6.75 % below that level, exchanging their deposits for shares of stock in those teetering banks.
Scenario C (Argo cash & cash portion of Argo's investment in funds IS on deposit with Cypriot banks, AND levy is 12.5 %):
The local dive centre collects the levy and deposits it in the villages» community bank accounts on a monthly basis.
Tax Deducted at Source or TDS is levied on individuals who hold fixed deposits at banks as well as for those who are salaried employees.
Answer: The brokerage should deposit the special levy funds into a special levy bank account, and then draw on those funds as needed, at the direction of the strata council.