2024 RATES
Income tax based on Law 7092
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 ¢ 120.582.000
2- SMEs when Annual Revenue (Jan - Dec) is below ¢ 120.582.000
A- EAID up to ¢5.687.000,00 Rate 5%
B-
EAID over ¢5.687.000,00 up to
¢8.532.000,00
Rate 10%
C- EAID over ¢8.532.000,00 up to ¢11.376.000,00 Rate 15%
D- EAID over ¢11.376.000,00 Rate 20%
Exemptions of Income Tax for Business apply for SMEs.
Independents - Professionals
A- EAID up to ¢4.127.000,00 Exempt
B- EAID over ¢4.127.000,00 up to
¢6.164.000,00
Rate 10%
C- EAID over ¢6.164.000,00 up to ¢10.281.000,00 Rate 15%
C-
EAID
over ¢10.281.000,00 up to
¢20.605.000,00 Rate 20%
E- EAID over ¢20.605.000,00 Rate 25%
Employees
A- Gross Wage up to ¢929.000,00 Exempt
B- Gross Wage over ¢929.000,00 up to
¢1.363.000,00
Rate 10%
B- Gross Wage over ¢1.363.000,00 up to
¢2.392.000,00
Rate 15%
B- Gross Wage over ¢2.392.000,00 up to
¢4.783.000,00
Rate 20%
E- Gross Wage over ¢4.783.000,00 Rate 25%
Tax Credits - Individuals
Annual
Monthly
A- Married ¢31.440 ¢2.620
B- Kids ¢20.760 ¢1.730