| The Govt is to announce that the GST would definitely apply to the Penis because it provides a Service. The way the tax will apply was difficult to decide. This was due to the fact that - 90 percent of the time it is hanging around unemployed, 5 percent of the time it is hard up, 4 percent of the time it is pissed off. 1 percent of the time only it is in active service. On top of that it has two dependents and they are both nuts. Effective from 1st Dec, 2020, Penis will be taxed according to its size - 10"-12" Super Luxury Tax, 8"-10" Luxury Tax, 5"-. 8" Privilege Tax, 4"-. 5" Basic Tax. Males exceeding 12" must also file under Capital Gains Tax. Anyone under 4" is eligible for Exemption under Handicapped catagory. The Penis Taxpayers Association is still awaiting clarification on a number of questions raised on this new tax including: Will there be rebates for early withdrawal ? What if one's penis is self employed ? Do multiple partners count as Corporation ? Are condoms deductible as expenses ? For more, call your CAs. |