Income tax based on Law 7092
Rates 2023
Tax Return for the ordinary period between January and December.
EAID = Earnings After Intereses and Depreciation.
Business (Corp,LLC)
1- 30% if Revenue if over ¢ 122.145.000
2- SMEs when Annual Revenue (Jan - Dec) is below ¢ 122.145.000
A- EAID up to ¢5.761.000,00 Rate 5%
B-
EAID over ¢5.761.000,00 up to
¢8.643.000,00
Rate 10%
C- EAID over ¢8.643.000,00 up to ¢11.524.000,00 Rate 15%
D- EAID over ¢11.524.000,00 Rate 20%
Exemptions of Income Tax for Business apply for SMEs.
Independents - Professionals
A- EAID up to ¢4.181.000,00 Exempt
B- EAID over ¢4.181.000,00 up to
¢6.244.000,00
Rate 10%
C- EAID over ¢6.244.000,00 up to ¢10.414.000,00 Rate 15%
C-
EAID
over ¢10.414.000,00 up to
¢20.872.000,00 Rate 20%
E- EAID over ¢20.872.000,00 Rate 25%
Employees
A- Gross Wage up to ¢941.000,00 Exempt
B- Gross Wage over ¢941.000,00 up to
¢1.381.000,00
Rate 10%
B- Gross Wage over ¢1.381.000,00 up to
¢2.423.000,00
Rate 15%
B- Gross Wage over ¢2.423.000,00 up to
¢4.845.000,00
Rate 20%
E- Gross Wage over ¢4.845.000,00 Rate 25%
Tax Credits - Individuals
Annual
Monthly
A- Married ¢31.800 ¢2.650
B- Kids ¢21.000 ¢1.750