TAX RESERVE CERTIFICATES |
| 1996-97 | Sales | Redemption | |||
|---|---|---|---|---|---|
| Number of Certificates | Value (Dollars thousand) | Number of Certificates | Value (Dollars thousand) | Interest (Dollars thousand) | |
| Normal (to save for tax) - Paper certificate | 26,321 | 319,261 | 28,729 | 233,488 | 5,789 |
| Normal (to save for tax) - Pay-As-You-Earn Scheme | 17,068 | 47,517 | 8,269 | 36,238 | 634 |
| Objection / Appeals | 1,069 | 1,814,857 | 1,280 | 736,542 | 37,859 |
| Total | 44,458 | 2,181,635 | 38,278 | 1,006,268 | 44,282 |
| 1997-98 | Sales | Redemption | |||
|---|---|---|---|---|---|
| Number of Certificates | Value (Dollars thousand) | Number of Certificates | Value (Dollars thousand) | Interest (Dollars thousand) | |
| Normal (to save for tax) - Paper certificate | 22,924 | 207,017 | 24,764 | 300,715 | 8,380 |
| Normal (to save for tax) - Pay-As-You-Earn Scheme | 34,547 | 74,902 | 25,034 | 65,507 | 1,468 |
| Objection / Appeals | 1,083 | 1,286,820 | 981 | 1,380,124 | 47,733 |
| Total | 58,554 | 1,568,739 | 50,779 | 1,746,346 | 57,581 |
| 1998-99 | Sales | Redemption | |||
|---|---|---|---|---|---|
| Number of Certificates | Value (Dollars thousand) | Number of Certificates | Value (Dollars thousand) | Interest (Dollars thousand) | |
| Normal (to save for tax) - Paper certificate | 25,158 | 1,328,552 | 21,281 | 691,686 | 9,846 |
| Normal (to save for tax) - Pay-As-You-Earn Scheme | 50,691 | 106,093 | 34,796 | 88,506 | 2,908 |
| Objection / Appeals | 1,030 | 2,848,756 | 1,078 | 1,677,468 | 52,391 |
| Total | 76,879 | 4,283,401 | 57,155 | 2,457,660 | 65,145 |
| 1999-2000 | Sales | Redemption | |||
|---|---|---|---|---|---|
| Number of Certificates | Value (Dollars thousand) | Number of Certificates | Value (Dollars thousand) | Interest (Dollars thousand) | |
| Normal (to save for tax) - Paper certificate | 8,786 | 266,130 | 16,447 | 467,531 | 16,176 |
| Normal (to save for tax) Save-As-Your-Earn Scheme (The "Pay-As-You-Earn" Scheme was renamed as the "Save-As-You-Earn" Scheme on 1 September 1999.) |
60,834 | 131,588 | 53,371 | 121,253 | 3,584 |
| Normal (to save for tax) Electronic Tax Reserve Certificates Scheme (The Electronic Tax Reserve Certificates Scheme was introduced on 1 September 1999 to replace the paper certificates. ) |
8,075 | 73,998 | 4,230 | 51,992 | 404 |
| Objection / Appeals | 1,048 | 1,901,142 | 1,065 | 2,377,478 | 96,129 |
| Total | 78,743 | 2,372,858 | 75,113 | 3,018,254 | 116,293 |
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(Last updated/reviewed : August 30, 2001))