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2017/2018 PAYE Final Tax Budget Changes

 

PAYE Regulation 6 Formula   FAQs - 2017/2018 Budget Changes 

 

2017/2018 Tax Rates Tables ( PAYE, SRT & ECAL)


RESIDENT TAXPAYERS TAX TABLE

Chargeable Income ($)

Tax Payable ($)

Social Responsibility Tax

ECAL

0 – 30,000

Nil

    

30,001 – 50,000

18% of excess over $30,000

    

50,001 – 270,000

$3,600 + 20% of excess over $50,000

    

270,001 – 300,000

$47,600 + 20% of excess over $270,000

  13% of excess over $270,000 10% of excess over $270,000

300,001 – 350,000

$53,600 + 20% of excess over $300,000

3,900 + 14% of excess over $300,000

  10% of excess over $270,000

350,001 – 400,000

$63,600 + 20% of excess over $350,000

10,900 + 15% of excess over $350,000

  10% of excess over $270,000

400,001 – 450,000

$73,600 + 20% of excess over $400,000

18,400 + 16% of excess over $400,000

  10% of excess over $270,000

450,001 – 500,000

$83,600 + 20% of excess over $450,000

26,400 + 17% of excess over $450,000

  10% of excess over $270,000

500,001 – 1,000,000

$93,600 + 20% of excess over $500,000

34,900 + 18% of excess over $500,000

  10% of excess over $270,000

1,000,001 +

$193,600 + 20% of excess over $1000,000

124,900 + 19% of excess over $1,000,000

  10% of excess over $270,000

 

NON-RESIDENT TAXPAYERS TAX TABLE

Chargeable Income ($)

Tax Payable ($)

Social Responsibility Tax

ECAL

0 – 30,000

20% of excess of $0

    

30,001 – 50,000

$6,000 + 20% of excess over $30,000

    

50,001 – 270,000

$10,000 + 20% of excess over $50,000

    

270,001 – 300,000

$54,000 + 20% of excess over $270,000

  13% of excess over $270,000 10% of excess over $270,000

300,001 – 350,000

$60,000 + 20% of excess over $300,000

3,900 + 14% of excess over $300,000

  10% of excess over $270,000

350,001 – 400,000

$70,000 + 20% of excess over $350,000

10,900 + 15% of excess over $350,000

  10% of excess over $270,000

400,001 – 450,000

$80,000 + 20% of excess over $400,000

18,400 + 16% of excess over $400,000

  10% of excess over $270,000

450,001 – 500,000

$90,000 + 20% of excess over $450,000

26,400 + 17% of excess over $450,000

  10% of excess over $270,000

500,001 – 1,000,000

$100,000 + 20% of excess over $500,000

34,900 + 18% of excess over $500,000

  10% of excess over $270,000

1,000,001 +

$200,000 + 20% of excess over $1000,000

124,900 + 19% of excess over $1,000,000

  10% of excess over $270,000

 

 

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