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TAXATION (INCOME TAX RATE AND OTHER AMENDMENTS) ACT 2020 - SECT 24

Schedule 2, part B, table 1 amended (Basic tax rates for PAYE income payments)

24 Schedule 2, part B, table 1 amended (Basic tax rates for PAYE income payments)

Replace schedule 2 , part B, table 1 with:

Table 1

Row Conditions Tax rate
1 Section RD 10(2C) applies. 0.105
2 Section RD 17(2)(a) applies and the sum is $14,000 or less. 0.105
3 Section RD 10(2)(a) or RD 17(2)(b) applies. 0.175
4 Section RD 10(2)(b) or RD 17(2)(c) applies. 0.300
5 Section RD 10(2)(c) or RD 17(2)(d) applies. 0.330
6 Section RD 10(2)(d) or RD 17(2)(e) applies. 0.390
7 Section RD 10(2D) applies. 0.450
How to use this table: Find the applicable condition in the second column, in order to find the relevant rate to apply, in the third column.


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