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Policy Notes

Personal Income Tax (PIT)

Effective July 1, 2019, the first tax band will be $50,000 at a rate of 12.5%, the second tax band is on taxable income over $50,000 which is charged a rate of 33.5%.

“…As of January 1, 2020, the rate of 33.5% on taxable income over $50,000 will drop to 28.5%...”

Please download the Personal Income Tax (PIT) Policy Note to view changes. 

EMPLOYEE DECLARATION FORM - To avoid excessive deduction of tax, complete and file with your employer