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  Home > Tax Policies > Individual Income Tax Rates  
     
 
 

Individual Income Tax rates

Individual Income Tax

Income Tax Act

Individual 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

On the first

Above
320 000
320 000
22
47 000.00

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
3 500.00

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 2007/2008
 
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

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

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  Last reviewed on 08 June 2009  
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