Below is the proposed tax table for employment income based on the recent Budget Speech, Please Click here for more information.

The SDL is also proposed to be reduced from 4.5% to 4%.

We expect the effective date to be 1 July 2020.

Update 14/07/2020

These proposed changes have been confirmed in the Finance Act 2020 and new tax tables have been made available for download. For more details, click here