Tax brackets for Individuals for YA 2007

Chargeable Income ($)

Rate (%)

Gross Tax Payable ($)

On the first
On the next

20 000
10 000

0
3.50

0.00
350.00

On the first
On the next

30 000

10 000

5.50

350.00
550.00

On the first
On the next

40 000

40 000

8.50

900.00
3,400.00

On the first

On the next

80 000

80 000

14

4,300.00
11,200.00

On the first
On the next

160 000

160 000

17

15,500.00
27,200.00

On the first
Above

320 000

320 000

20

42,700.00