ANNUAL INCOME EARNED | TAX RATE |
---|---|
Income not exceeding SAT15,000 | NIL |
SAT15,001 - SAT25,000 | 20% |
Over SAT25, 000 | 27% |
FORTNIGHTLY | RATE | ANNUAL | RATE |
---|---|---|---|
$0 - $576 | Nil | $0 - $15,000 | Nil |
$577 - $962 | 20% | $15,001 - $25,000 | 20% |
Over $962 | 27% | Over $25,000 | 27% |
The May 2020 rates for VAGST and Excise Tax on imported petroleum products as obtained from the Ministry of Finance are as follow
FROM 01/04/2020 | EXCISE TAX | VAGST |
---|---|---|
Motor Spirit (ULP) | 0.55 | 0.1688 |
Distillate Fuel (ADO | 0.54 | 0.1862 |
Jet Fuel / Aviation Kerosene (DPK) | 0.00 | 0.856 |