Annual Taxable Income ($) | Tax Rate |
0 to 3,600 | 0% |
3,601 to 18,000 | 20% |
18,001 to 36,000 | 25% |
36,001 to 60,000 | 30% |
60,001 to 120,000 | 35% |
120,001 to 180,000 | 40% |
180,001 to 240,000 | 45% |
240,001 and above | 50% |
Type of Income | Tax Rate |
Where the specified asset being disposed of/sold was acquired after the 1st of February 2009 | 20% on Capital Gain |
Where the specified asset being disposed of/sold was acquired before 1st February 2009 | 5% on Gross sale amount |
Taxable Income | Tax Rate |
Companies (other than mining companies with special mining leases, but including branches) | 25% |
AIDS levy | 3% |
Special Mining Lease | 15% |
Exporting Manufacturing Companies | 15% |
Book Makers | 5% |