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HomeArchiveNew income tax amounts apply this week

New income tax amounts apply this week

A new table of calculations for income tax payments took effect on Oct. 1. The new amounts are staggered depending on a taxpayer’s salary. 

Workers with a salary of up to â‚¡714,000 ($1,428) per month are tax-exempt. Those with a higher salary must pay 10 percent of the amount that exceeds that figure. In other words, taxpayers are charged 10 percent of the amount earned between â‚¡714,000 and â‚¡1,071,000 ($2,142).

People who earn more than â‚¡1,071,000 must pay 15 percent on the exceeding amount.

The amount of income tax for child or spouse support also increased beginning this week (â‚¡16,080, or $32.15, for child support and â‚¡24,000, or $48, for spousal support).

Previous income tax regulations stated that all salaries lower than â‚¡651,000 ($1,302) were tax-exempt.

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