Brackets on Wages tax, Income tax and Tax Credits were updated last December to become enforced in January 2021.
The update is carried out through an adjustment of zero point twenty-eight percent (0.28%), currently being handled the following way:
Tax on wages
Income of up to ¢
During the creation process of the Law for the Strengthening of Public Finances, the Ministry of Finance requested that the Global Income Tax be incorporated, which would be achieved by assessing a charge (percentage) on INDIVIDUALS AND LEGAL PERSONS engaged in activities for financial gain.