Residents Tax Rates 2001-2013
RATES OF NORMAL TAX
RESIDENT INDIVIDUALS AND RESIDENT INDIVIDUAL TRUSTEES
Year of Assessment 2013 and every subsequent year
|
Chargeable Income ($) |
Tax Payable ($) |
Social Responsibility Tax |
|
0-16000 |
Nil |
|
|
16,001 – 22,000 |
7% of excess over $16,000 |
|
|
22,001 – 50,000 |
420 + 18% of excess over $22,000 |
|
|
50,001 – 270,000 |
5,460 + 20% of excess over $50,000 |
|
|
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 Levy |
|
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% |
|
300,001 – 350,000 |
55,487 + 20% of excess over $300,000 |
24% |
|
350,001 – 400,000 |
65,487 + 20% of excess over $350,000 |
25% |
|
400,001 – 450,000 |
75,487 + 20% of excess over $400,000 |
26% |
|
450,001 – 500,000 |
85,487 + 20% of excess over $450,000 |
27% |
|
500,001 – 1,000,000 |
95,487 + 20% of excess over $500,000 |
28% |
|
1,000,001 + |
195,488 + 20% of excess over $1,000,000 |
29% |
Year of Assessment 2010 and 2011
|
Chargeable Income ($) |
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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