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Personal Income Tax Rates
 

Personal Income Tax

Income Tax Act

Personal Income Tax Rates

For Year of Assessment 2005

 

Chargeable Income ($)

Rate (%)

Gross Tax Payable ($)

On the first

On the next

20 000

10 000

0

4

0.00

400.00

On the first

On the next

30 000

10 000

 

6

400.00

600.00

On the first

On the next

40 000

40 000

 

9

1 000.00

3 600.00

On the first

On the next

80 000

80 000

 

15

4 600.00

12 000.00

On the first

On the next

160 000

160 000

 

19

16 600.00

30 400.00

       
For Year of Assessment 2006

 

Chargeable Income ($)

Rate (%)

Gross Tax Payable ($)

On the first

On the next

20 000

10 000

0

3.75

0.00

375.00

On the first

On the next

30 000

10 000

 

5.75

375.00

575.00

On the first

On the next

40 000

40 000

 

8.75

950.00

3500.00

On the first

On the next

80 000

80 000

 

14.5

4 450.00

11 600.00

On the first

On the next

160 000

160 000

 

18

16 050.00

28 800.00

On the first

Above

320 000

320 000

 

21

44 850.00

 

       
For Year of Assessment 2007 and onwards

 

Chargeable Income ($)

Rate (%)

Gross Tax Payable ($)

On the first

On the next

20 000

10 000

0

3.5

0.00

350.00

On the first

On the next

30 000

10 000

 

5.5

350.00

550.00

On the first

On the next

40 000

40 000

 

8.5

900.00

3 400.00

On the first

On the next

80 000

80 000

 

14

4 300.00

11 200.00

On the first

On the next

160 000

160 000

 

17

15 500.00

27 200.00

On the first

Above

320 000

320 000

 

20

42 700.00

 

For Year of Assessment 2012 and onwards

Chargeable Income ($)

Rate (%)

Gross Tax Payable ($)

On the first

On the next

20 000

10 000

2

0.00

200.00

On the first

On the next

30 000

10 000

3.5

200.00

350.00

On the first

On the next

40 000

40 000

7

550.00

2 800.00

On the first

On the next

On the next

80 000

40 000

40 000

11.5

15

3 350.00

4 600.00

6 000.00

On the first

On the next

On the next

160 000

40 000

120 000

17

18

13 950.00

6 800.00

21 600.00

On the first

In excess of

320 000

320 000

20

42 350.00

 

Please click here to see the individual income tax rates before YA2005.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 
 
 
         
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