Term:
Standard tax reliefs
Definition:
Reliefs unrelated to the actual expenses incurred by taxpayers and automatically available to all taxpayers who satisfy the eligibility rules specified in the legislation are counted as standard reliefs, including also deductions for compulsory social security contributions.
Domain:
Finance
Source:
OECD, 2007, Taxing Wages - 2005/2006, 2006 Edition, OECD, Paris