Individual Tax Rates

The following are the national income tax rates for individuals in 1993. In addition to national income tax, individuals are liable for municipal income tax and church tax (see Section F.9, page 58).

            Taxable Income           Tax on Lower      Rate on
      Exceeding      Not Exceeding      Amount          Excess

         FIM             FIM              FIM              %

             0        40,000                0              0

        40,000        56,000               50              7

        56,000        70,000            1,170             17

        70,000        98,000            3,550             21

        98,000       154,000            9,430             27

       154,000       275,000           24,550             33

       275,000             -           64,480             39