2009 SCHEDULE OF MONTHLY TAX DEDUCTIONS (STD)

Effective 1.1.2009 salary payment, a new monthly tax deduction rate is applicable.

The new schedule takes into account the change in the individual tax rate as announced in Budget 2009 and is applicable to 2009 remunerations.

Tax deductions made for previous years’ remunerations of employees paid in 2009 must be based on the old schedule (2004).

Please Note that tax deductions made for bonus and director’s fees of previous years but paid in 2009 must be based on the new schedule.

Copy of the old and new PCB schedule can be download from the USEFUL LINK section.