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Wages & Salary Tax

The thresholds for wages and salary taxes have been changed and new refund rules apply to lower income employees.

Wages and Salaries tax rates changed – reduce tax payable for most workers

CurrentNew
$0-$8,000 – 6%$0-$8,000-6%
$8,000 and more – 12%$8,001 - $40,000-10%
$40,001 and higher – 12%