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Release version 20.4.0 features calculation and rate changes to reflect current tax law.

The effective dates disclosed below indicate when the changes enter into force.

Income Tax: The top marginal rate of 30% is imposed on income above JOD 1 million, and a solidarity tax of 1% is imposed on income above JOD 200,000. Double tax relief is available as a foreign tax credit if a tax treaty is in force with the host country, otherwise a deduction is provided for foreign taxes paid.

Social Security: Employees and employers contribute 7.5% and 15.3%, respectively, on income up to JOD 39,936.

Income Tax: The top marginal rate of 35% is imposed on income above TND 50,000, and a solidarity tax of 1% is imposed on all income. Foreign income is exempt as double tax relief.

Social Security: Employees and employers contribute 9.2% and 17.1% on assignment income, respectively.

Other Employer Costs: Employers are liable for payroll taxes of 3% on assignment income.

Added two tax estimator outputs to include employer social security tax on base compensation for the Grossup Only calculation method.

To use this feature, navigate to the Cost Estimate Template screen and add a new or edit an existing line item. Select the Tax Calculation button to display the list of outputs and within the lookup, choose Home or Host Country Employer Portion Social Tax on Base Comp – Use with Grossup Only Option.

Enhanced the Cost Estimate and Compensation Calculation Detail reports to display the user-entered employee and employer social tax rates.

Other Employer Costs: Corrected the proration of fringe benefits tax in partial years for outbound assignments. Previously, the tax output calculated on part-year income was prorated, resulting in a tax understatement.

Income Tax: Made the following changes to the calculation of non-recurring compensation:

Income Tax & Social Security: Changed voluntary employer pension contributions for outbound assignments from nontaxable to taxable above BGN 720 for income tax, and to be included in the social wage base.

Added a new top tax rate of 20.5% applicable to income above CAD 220,000, effective January 1, 2020. This rate has not been signed into law but was included in the 2020 budget and the withholding table released on July 1, 2020.

Increased the following, effective January 1, 2020:

Increased the following, effective January 1, 2020:

Social Security: Increased the employee and employer contribution rates by 0.2% to 10.5% and 26.5%, respectively, effective January 1, 2020.

Income Tax: Added the exemption with progression method of double tax relief for outbound resident employees with assignment duration of six months or more. When assignment duration is less than six months, the foreign tax credit continues to apply.

Income Tax: Enhanced the calculation detail report by adding the income tax table and social security rates.

Social Security: Increased the pension contribution wage ceiling by USD 6,339 to USD 84,339, effective January 1, 2020.

Income Tax: Reverted the special solidarity contribution brackets and rates to previous amounts as the contribution table introduced in v.20.1 was repealed. The top rate remains 10% applicable to income above EUR 220,000.

Income Tax: Changed voluntary employee pension contributions from deductible to nondeductible for outbound assignments.

Social Security: Decreased the employer contribution rate by 2% to 17%, effective July 1, 2020.

Income Tax: Added marginal relief for equalized and non-equalized assignments, effective April 1, 2020. The relief reduces tax costs, in limited circumstances, where the additional surcharge tax payable exceeds the incremental income.

Income Tax: Removed the personal credit for inbound assignments with assignment duration of less than six months because it is unavailable for nonresidents.

Income Tax: Corrected the employment credit to prorate in partial years for inbound assignments. The previous calculation resulted in a potential tax understatement of up to EUR 1,740.

Income Tax: Corrected the general credit to prorate in partial years for inbound assignments. The previous calculation resulted in a potential tax understatement of up to EUR 645.

Social Security: Changed 1% of the employer contribution to an employee contribution. The employee and employer contributions are 1% and 5%, respectively, on assignment income up to PKR 210,000.

Other Employer Costs: Reclassified the following line items:

Income Tax: Added United States 401(k) pension contribution treatment. For outbound assignments, the applicable contribution ceilings can be selected using the Pension Deduction Cap. For inbound assignments from the United States, the selection from the home tax estimator will apply.

Social Security: Increased the following, effective January 1, 2020:

Income Tax: Removed the Qualifies for Not Ordinarily Resident Scheme? input as it expired on December 31, 2019. The setting selected prior to version 20.4 will continue to apply to recalculations.

Income Tax: Increased the following, effective July 1, 2020:

Income Tax: Corrected the earned income credit to take the lesser of the calculated credit and the applicable maximum. Previously, the maximum credit was always taken, resulting in a potential tax understatement of up to KRW 740,000.

Income Tax: Changed voluntary employee pension contributions to be deductible up to the lesser of 6% of gross income and TWD 1.8 million for outbound assignments.

Social Security: Made the following corrections to employer supplementary health contributions:

Income Tax: Removed the child and other dependents credit in partial years for inbound assignments if US Citizen or Permanent Resident? is set to No.

Increased the standard deduction phaseout thresholds, effective January 1, 2019. The threshold increased by USD 500 to USD 23,500 for single taxpayers.

Increased the tax bracket thresholds and decreased the top two rates, effective January 1, 2020. The top rate decreased by 0.3% to 6.6% and applies to income above USD 80,801.

Increased the tax bracket thresholds, effective January 1, 2020. The threshold for the top rate of 6.9% increased by USD 206 to USD 11,760 for single taxpayers.

Increased the following, effective January 1, 2020:

Updated the calculation to treat the first USD 3,000 of income as nontaxable, effective January 1, 2020.

Increased the following, effective January 1, 2019:

Increased the following, effective January 1, 2020:

Added a deduction for employees using the married filing joint or head of household filing status of USD 4,000 for every dependent except for one, effective January 1, 2019.

Increased the tax bracket thresholds, effective January 1, 2020. The threshold for the top rate of 2.9% increased by USD 7,400 to USD 440,600 for single taxpayers.

Increased the following, effective January 1, 2020:

Increased the following:

Increased the following, effective January 1, 2019, unless otherwise indicated:

Increased the following, effective January 1, 2020. Amounts shown apply to single taxpayers:

Made the following changes, effective July 1, 2020:

Income Tax: Increased the personal and dependent allowances by VND 24 million to VND 132 million and VND 9.6 million to VND 52.8 million, respectively.

Social Security: Increased the health and social insurance contribution wage ceilings by VND 26.4 million to VND 384 million.