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