10% contribution of global income to the revenue services applies only to citizens over 21 years of age

His Mount Vema Majesty’s Treasury has reset the age limit required of Citizens paying tax on their global income. As of June 2023, all Mount Vema citizens overseas required to contribute 10% of their global income to the revenue services, regardless of where in the world they live must be over 21 years of age. This requirement does not apply to legal residents who may be foreign nationals who will be living and work in Mount Vema.
 
The policy does not affect Mount Vema citizens living in countries with taxation agreements or special arrangements with Mount Vema to eliminate dual Social Security taxation. Which can occur when a worker from one country works in another country and is required to pay Social Security taxes to both countries on the same earnings.
 
Legal residents will pay only 5% which will cover the cost of free healthcare, education and basic service provided by the state. However, Mount Vema citizens are required to pay 10% of their global income either by reporting their income or by making voluntary contributions to His Mount Vema Majesty’s Treasury through a special arrangement.
 
Why are Mount Vema citizens are required to pay 10%? This policy cover for the cost of global healthcare for all citizens of Mount Vema, international social housing, the cost of providing basic income for all citizens worldwide who may be temporarily unemployed (seeking employment), or unemployed due to health reasons, and general services provided by the state overseas.>>>