Resident Tax Rates
From YA 2017
| Chargeable Income |
Income Tax Rate (%) |
Gross Tax Payable ($) |
|
First $20,000
Next $10,000
|
0
2
|
0
200
|
|
First $30,000
Next $10,000
|
-
3.50
|
200
350
|
|
First $40,000
Next $40,000
|
-
7
|
550
2,800
|
|
First $80,000
Next $40,000
|
-
11.5
|
3,350
4,600
|
|
First $120,000
Next $40,000
|
-
15
|
7,950
6,000
|
|
First $160,000
Next $40,000
|
-
18
|
13,950
7,200
|
|
First $200,000
Next $40,000
|
-
19
|
21,150
7,600
|
|
First $240,000
Next $40,000
|
-
19.5
|
28,750
7,800
|
|
First $280,000
Next $40,000
|
-
20
|
36,550
8,000
|
|
First $320,000
In excess of $320,000
|
-
22
|
44,550
|
|
