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Residents Tax Rates 2001 – 2018

RATES OF NORMAL TAX

RESIDENT INDIVIDUALS  AND RESIDENT INDIVIDUAL TRUSTEES

Year of Assessment 2017 (1st August – 31st December) and 2018

Chargeable Income ($) Tax Payable ($) Social Responsibility Tax Environment and Climate Adaptation Levy (ECAL)
0-30,000 Nil Nil Nil
30,001 – 50,000 18% of excess over $30,000  Nil Nil
50,001 – 270,000 $3,600 + 20% of excess over $50,000  Nil Nil
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 $1,000,000 $124,900 + 19% of excess over $1,000,000 10% of excess over $270,000

Year of Assessment 2017 (1st January – 31st July)

Chargeable Income ($) Tax Payable ($) Social Responsibility Tax
0-16000 Nil Nil
16,001 – 22,000 7% of excess over $16,000  Nil
22,001 – 50,000 420 + 18% of excess over $22,000  Nil
50,001 – 270,000 5,460 + 20% of excess over $50,000  Nil
270,001 – 300,000 49,460 + 20% of excess over $270,000 23% of excess over $270,000
300,001 – 350,000 55,460 + 20% of excess over $300,000 6,900 + 24% of excess over $300,000
350,001 – 400,000 65,460 + 20% of excess over $350,000 18,900 + 25% of excess over $350,000
400,001 – 450,000 75,460 + 20% of excess over $400,000 31,400 + 26% of the excess over $400,000
450,001 – 500,000 85,460 + 20% of excess over $450,000 44,400 + 27% of the excess over $450,000
500,001 – 1,000,000 95,460 + 20% of excess over $500,000 57,900 + 28% of the excess over $500,000
1,000,001 + 195,460 + 20% of excess over $1,000,000 197,900 + 29% of the excess over $1,000,000

Year of Assessment 2013, 2014, 2015, 2016

Chargeable Income ($) Tax Payable ($) Social Responsibility Tax
0-16000 Nil Nil
16,001 – 22,000 7% of excess over $16,000  Nil
22,001 – 50,000 420 + 18% of excess over $22,000  Nil
50,001 – 270,000 5,460 + 20% of excess over $50,000  Nil
270,001 – 300,000 49,460 + 20% of excess over $270,000 23% of excess over $270,000
300,001 – 350,000 55,460 + 20% of excess over $300,000 6,900 + 24% of excess over $300,000
350,001 – 400,000 65,460 + 20% of excess over $350,000 18,900 + 25% of excess over $350,000
400,001 – 450,000 75,460 + 20% of excess over $400,000 31,400 + 26% of the excess over $400,000
450,001 – 500,000 85,460 + 20% of excess over $450,000 44,400 + 27% of the excess over $450,000
500,001 – 1,000,000 95,460 + 20% of excess over $500,000 57,900 + 28% of the excess over $500,000
1,000,001 + 195,460 + 20% of excess over $1,000,000 197,900 + 29% of the excess over $1,000,000

 

Year of Assessment 2012

Chargeable Income ($) Tax Payable ($) Social Responsibility Tax
0-15600 Nil  
15,601 – 22,000 7% of excess over $15,600  
22,001 – 50,000 448 + 18% of excess over $22,000  
50,001 – 270,000 5,488 + 20% of excess over $50,000  
270,001 – 300,000 49,488 + 20% of excess over $270,000 23% of excess over $270,000
300,001 – 350,000 55,487 + 20% of excess over $300,000 6,900 + 24% of excess over $300,000
350,001 – 400,000 65,487 + 20% of excess over $350,000 18,900 + 25% of excess over $350,000
400,001 – 450,000 75,487 + 20% of excess over $400,000 31,400 + 26% of the excess over $400,000
450,001 – 500,000 85,487 + 20% of excess over $450,000 44,400 + 27% of the excess over $450,000
500,001 – 1,000,000 95,487 + 20% of excess over $500,000 57,900 + 28% of the excess over $500,000
1,000,001 + 195,488 + 20% of excess over $1,000,000 197,900 + 29% of the excess over $1,000,000

 

Year of Assessment 2010 and 2011

Chargeable Income ($) Tax Payable ($)
0 – 15000 Nil
15,001 – 15,600 25% of excess  over $15,000
15,601 – 22,000 150 + 31% of excess over $15,600
22,000+ 2,134 + 31% of excess over $22,000

 

Year of Assessment 2008 (1st June – 31st December) and 2009

Chargeable Income ($) Tax Payable ($)
0 – 15000 Nil
15,001 – 15,600 25% of excess  over $15,000
15,601 – 22,000 150 + 31% of excess over $15,600
22,000+ 2650 + 31% of excess over $22,000

 

Year of Assessment 2008 (1st January – 30th May)

Chargeable Income ($) Tax Payable ($)
0 – 9000 Nil
9,000 – 10,000 15% of excess  over $9,000
10,001 – 20,000 150 + 25% of excess over $10,000
20,000+ 2650 + 31% of excess over $20,000

 

Year of Assessment 2005 ,2006 and 2007

Chargeable Income ($)

Tax Payable ($)

0 – 8,840 Nil
8,841 – 10,000 15% of excess  over $8,840
10,001 – 20,000 174 + 25% of excess over $10,000
20,000+ 2,674 + 31% of excess over $20,000

 

Year of Assessment 2003 and 2004

Chargeable Income ($) Tax Payable ($)
0 –  7,500 Nil
7,501 – 10,000 15% of excess  over $7,500
10,001 – 20,000 375 + 25% of excess over $10,000
20,000+ 2,875 + 32% of excess over $20,000

 

Year of Assessment 2002

Chargeable Income ($) Tax Payable ($)
0 –  6,500 Nil
6,501 – 10,000 15% of excess  over $6,500
10,001 – 20,000 525 + 25% of excess over $10,000
20,000+ 3,025 + 32% of excess over $20,000

 

Year of Assessment 2001

Chargeable Income ($) Tax Payable ($)
0 –  6,500 Nil
6,501 – 10,000 15% of excess  over $6,500
10,001 – 20,000 525 + 25% of excess over $10,000
20,000+ 3025 + 34% of excess over $20,000

 

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