|
|
|
Income
Taxes
|
|
|
Personal
Tax Rates (Brackets)
|
|
|
<
10,000
|
No
Tax
|
|
10,001
– 15,000 (ie next $5000)
|
10%
of salary between bracket
|
|
15,001
– 20,000 (ie next $5000)
|
$500
+ 20% of salary between bracket
|
|
>
20,001 (ie excess of 20,000)
|
$500
+ $1000 + 29% of salary between bracket
|
|
|
|
|
Company
Tax Rate (%)
|
|
|
Resident
Company
|
|
|
General
|
29
|
|
|
|
|
Non-Resident
Company
|
|
|
General
|
29
|
|
|
|
|
Tax on Dividends
|
Zero
as from 1 January 2000
|
|
Depreciation
Allowances
|
3
yrs for plant & equipment
5
yrs for others
|
|
|
|
|
Other
Taxes & Fees
|
|
|
Business
Gross Receipt tax (%)
|
-
|
|
GST/Value
added tax (%)
|
10
|
|
Capital
Gains tax (%)
|
30
(for assets bought and sold within 3 years)
|
|
Annual
business licence fees ($)
|
500
|
|
|
|
|
Import
Duty Rates (% range)
|
|
|
manufacturing
inputs
|
0-15
|
|
general
(excluding cigarettes, liquor et)
|
15-20
|
|
|
|
|
Stamp Duty |
|
|
Conveyance of land |
$1 for every $100 or part thereof of the value of the
transaction ( to be paid by the transferee) |
|
Leases/rentals |
40 sene for every $100 or part thereof of the value of the
annual lease/rent.( to be paid by the tennant) |
