Tax Rates

Income tax and social insurance rates for 2019.

Income Tax

Income tax rates in effect as from 20 December 2016:

Monthly Taxable Pay (SSP) Annual Taxable Pay (SSP) Rate of Tax (%)
Up to 600 Up to 7,200 0
601 - 5,000 7,201 - 60,000 10
Above 5,000 Above 60,000 15

Income tax rates up to 19 December 2016:

Monthly Taxable Pay (SSP) Annual Taxable Pay (SSP) Rate of Tax (%)
Up to 300 Up to 3,600 0
301 - 5,000 3,601 - 60,000 10
Above 5,000 Above 60,000 15

Social Insurance

Monthly employer contribution is 17% of insurable pay while employee contribution is 8% of insurable pay. There is no upper limit for either contribution.