Tax Rates

Tax Rates of Salaries Tax
 2008/09 to 2012/13   2007/08   2006/07 
                 
 Net     Net     Net   
 Chargable     Chargable     Chargable   
 Income  Rate  Tax   Income  Rate  Tax   Income  Rate  Tax 
           
Progressive Rate            
On the First          40,000 2%              800          35,000 2%              700          30,000 2%              600
On the Next          40,000 7%           2,800          35,000 7%           2,450          30,000 7%           2,100
         80,000           3,600          70,000           3,150          60,000           2,700
On the Next          40,000 12%           4,800          35,000 12%           4,200          30,000 13%           3,900
       120,000           8,400        105,000           7,350          90,000           6,600
Remainder   17%     17%     19%  
           
           
Standard Rate   15%     16%     16%  
                 
Tax Rates of Profits Tax
 2012/13   2011/12   2010/11   2009/10   2008/09   2007/08   2006/07 
Corporations 16.5% 16.5% 16.5% 16.5% 16.5% 17.5% 17.5%
Unicorporated Business 15% 15% 15% 15% 15% 16% 16%
Tax Rates of Property Tax
 2012/13   2011/12   2010/11   2009/10   2008/09   2007/08   2006/07 
Tax rate 15% 15% 15% 15% 15% 16% 16%
     

                                          Last Update: 30 June 2012