Tax bracket thresholds. The threshold for the 50% top bracket increased by EUR 6,146 to EUR 99,266.

Nonresident addback by EUR 919 to EUR 10,486.

Household credit for the following:

One dependent by EUR 52 to EUR 572.

Two dependents by EUR 70 to EUR 774.

Each additional dependent by EUR 23 to EUR 255.

Employment credit for transportation by EUR 41 to EUR 462.

Increased the wage ceilings by EUR 2,520 to EUR 72,720 and EUR 420 to EUR 12,120.

Decreased the employee rates by 0.05% to 18.07% and 17.07%.

Decreased the employer rates by 0.05% to 20.98% and 20.48%.

Tax bracket and de minima table thresholds. The threshold for the 50% top bracket increased by EUR 1,880 to EUR 48,320.

Maximum income allocation to non-working spouse by EUR 500 to EUR 13,050.

Standard business deduction limit by EUR 230 to EUR 5,750.

Personal exemption by EUR 410 to EUR 10,570.

Dependent exemptions. The exemption for one child increased by EUR 270 to EUR 6,850.

Tax Unit (UTM) to CLP 64,343, which increased the tax bracket thresholds. The threshold for the 40% top bracket increased by CLP 4 million to CLP 239.4 million.

Development Unit (UF) to CLP 36,727.

Wage bases for employment insurance and other contributions by 4 UF to 126.6 UF and 2.7 UF to 81.6 UF, respectively. The updated wage ceilings for each contribution are:

Employment insurance by CLP 2.8 million to CLP 55.8 million.

Other contributions by CLP 1.9 million to CLP 37.2 million.

Wage Ceilings:

Beijing: increased by CNY 24,084 to CNY 406,692.

Shanghai: increased by CNY 28,332 to CNY 438,588.

Guangzhou: decreased by CNY 115,812 to CNY 317,052.

Shenzhen: decreased by CNY 149,652 to CNY 317,052.

Contribution rates decreased by:

Beijing: 1.3% to 26.5%.

Shanghai: 1.5% to 26.66%.

Guangzhou: 0.18% to 21.85%.

Shenzhen: 1.15% to 21.34%.

Tax bracket thresholds. The threshold for the 39% top bracket increased by COP 1,730 to COP 17,508.

Maximum voluntary pension deduction by COP 212.2 to COP 2,146.

Basic and dependent allowances by COP 44.1 to COP 446.2 and COP 1.8 to COP 18.1, respectively.

Wage ceiling by COP 42 million to COP 390 million.

Employee pension solidarity bracket thresholds. The threshold for the 2% top bracket increased by COP 33.6 to COP 312.

Tax bracket thresholds. The threshold for the 46.5% top bracket increased by ANG 9,495 to ANG 154,867.

Personal allowance by ANG 170 to ANG 2,771.

Wage ceilings:

Health insurance by ANG 8,263 to ANG 574,189.

Employer occupational diseases and work accident by ANG 1,170 to ANG 81,229.

Decreased the threshold for the 23% top bracket by CZK 527,595 to CZK 1.6 million.

Removed spouse credit of CZK 24,840.

Pension by DOP 201,600 to DOP 6 million.

Health by DOP 100,800 to DOP 3 million.

Increased the 0% bracket threshold by EGP 9,000 to EGP 30,000, effective November 1, 2023. This amount was previously taxed at 2.5%.

Increased the personal allowance by EGP 6,000 to EGP 15,000, effective July 1, 2023.

Added a 42% bracket, applicable to income between EUR 88,200 and EUR 150,000. This income was previously taxed at 34%.

Increased the bracket thresholds. The threshold for the 44% top bracket increased by EUR 64,200 to EUR 150,000.

Increased the maximum earned income tax credit by EUR 110 to EUR 2,140, and its phaseout thresholds.

Updated the expatriate concession to apply to all years of the assignment when Qualifies for Expatriate Concession? is Yes and duration exceeds 6 months. Previously, relief was limited to assignments less than four years in duration.

Daily allowance contribution rate by 0.35% to 1.01%.

Nursing contribution rate by 0.09% to 0.51%.

Employer health insurance contribution rate by 0.37% to 1.16%.

Employer pension contribution rate by 0.06% to 17.34%.

Employee and employer unemployment insurance rates by 0.71% to 0.79% and 0.97% to 1.09%, respectively.

Accident insurance contribution rate by 0.14% to 0.63%.

Increased the daily allowance threshold by EUR 796 to EUR 16,499.

Tax bracket thresholds. The threshold for the 45% top bracket increased by EUR 8,112 to EUR 177,106.

Nonresident tax bracket thresholds. The threshold for the 30% top bracket increased by EUR 3,555 to EUR 77,590.

Phaseout thresholds for the low-income credit (La Décote) by EUR 40 to EUR 873 and by EUR 66 to EUR 1,444 for single and married employees, respectively.

Maximum deduction by EUR 649 to EUR 14,171.

Decreased the income thresholds limiting coefficient relief. The threshold decreased by EUR 2,709 to EUR 39,367 for single employees with one dependent.

Ceiling 1 amount by EUR 2,376 to EUR 46,368.

Decreased work accident contribution rate by 0.12% to 2.12%.

Employer old age uncapped contribution rate by 0.12% to 2.02%.

Wage guarantee contribution rate by 0.05% to 0.2%.

Increased the social security wage ceiling by XPF 60 million to XPF 120 million.

Decreased the family benefits and work accident rates by 0.73% to 3.43% and 0.29% to 0.48%, respectively.

Tax bracket thresholds. The threshold for the 45% top bracket remains EUR 277,825.

Child deduction by EUR 294 to EUR 3,306.

Child deduction income thresholds.

Surcharge threshold by EUR 587 to EUR 18,130.

Health insurance contribution rate by 0.05% to 8.15%.

Wage ceilings applicable to the following contributions:

Pension for East and West Germany by EUR 4,200 to EUR 89,400 and EUR 3,000 to EUR 90,600, respectively.

Health insurance by EUR 2,250 to EUR 62,100.

Increased tax bracket thresholds. The threshold for the 40% top bracket increased by EUR 2,000 to EUR 42,000.

Increased personal and employee PAYE credits by EUR 100 to EUR 1,875.

Universal Social Charge:

Increased the 2% bracket threshold by EUR 2,840 to EUR 25,760.

Decreased the third bracket rate by 0.5% to 4%.

Tax bracket thresholds. The threshold for the 50% top bracket increased by ILS 23,280 to ILS 721,560.

Credit point value by ILS 84 to ILS 2,904.

Reduced the eligible inbound concession by 20% of income to 50% for assignments commencing January 1, 2024. Select from the following options:

Removed the 25% bracket. Income up to EUR 28,000 is now taxed at 23%.

Increased the maximum employment credit by EUR 45 to EUR 1,955.

Decreased the tax rate by 6% to 20%.

Increased the standard and child deductions by GBP 1,450 to GBP 20,000 and GBP 250 to GBP 3,700, respectively.

Social security by GBP 4,680 to GBP 65,400.

Long term care by GBP 21,336 to GBP 298,200.

Employee pension by KZT 9 to KZT 51.

Employer social security by KZT 1.26 to KZT 7.14.

Medical insurance by KZT 1.8 to KZT 10.2.

Corrected the contribution rate by 1% to 6%, effective February 3, 2023.

Increased the wage ceiling by KES 300,000 to KES 348,000, effective January 1, 2024.

Mutual health care by 1.48% to 1.36%.

Accident insurance by 0.05% to 0.7%.

The lowest bracket rate by 0.04% to 36.97%. This also increases the rate imposed on income below the employee social security wage ceiling to 9.32%.

Tax bracket thresholds. The threshold for the top bracket increased by EUR 2,487 to EUR 75,518. The rate for the top bracket remains 49.5%.

Employment credit rates, bracket thresholds, and phaseout rate. The maximum credit increased by EUR 480 to EUR 5,532.

General credit amount, phaseout threshold, and phaseout rate. The maximum credit increased by EUR 292 to EUR 3,362.

30% ruling concession:

Minimum salary to qualify by EUR 5,933 to EUR 65,867.

Income cap by EUR 10,000 to EUR 233,000.

Decreased the employer disability insurance contribution rate by 0.12% to 8.94%.

Employer wage ceiling by EUR 4,672 to EUR 71,628.

Employer contribution rate by 0.32% to 23.58%. The updated rates for each contribution are:

9.37% disability, including work resumption of 1.33%.

7.64% unemployment.

6.57% health.

Top three tax rates by 0.1% each. The top rate increased to 17.6%.

All bracket thresholds, except the 17.6% bracket threshold, which decreased by NOK 150,000 to NOK 1.35 million.

Personal allowance by NOK 8,650 to NOK 88,250.

The 22% bracket in the resident table. Income up to PGK 20,000 is now nontaxable.

Dependent rebate.

Tax bracket thresholds. The threshold for the 30% top bracket increased by PEN 1,410 to PEN 36,308.

Standard deduction by PEN 1,400 to PEN 36,050.

Increased tax bracket thresholds. The threshold for the top 48% top bracket increased by EUR 2,365 to EUR 81,199.

Decreased rates for the first five brackets for income up to EUR 27,146. The fifth bracket rate was decreased by 2.25% to 32.75%.

Omit solidarity surcharge for inbound employees when Non Habitual Resident? is set to Yes. Previously, the solidarity surcharge was calculated, resulting in a potential overstatement of tax for income exceeding EUR 80,000.

Removed the five-year limitation in the calculation of the expatriate concession. When Qualifies for Expatriate Concessions? is Yes, the relief will calculate for all years of the assignment.

Increased the following municipal tax rates:

Stockholm by 0.54% to 30.36%.

Average by 0.13% to 32.37%.

Increased the following based on price base changes:

Employment income credit thresholds:

The maximum credit threshold increased by SEK 38,784 to SEK 462,984.

The phaseout threshold increased by SEK 64,992 to SEK 775,842.

Personal allowance amounts and thresholds:

The maximum allowance increased by SEK 3,696 to SEK 44,121.

The phaseout thresholds increased by SEK 14,928 to SEK 178,204.

Maximum employer voluntary pension deduction by SEK 48,000 to SEK 573,000.

Tax bracket thresholds. The threshold for the 11.5% top bracket increased by CHF 13,500 to CHF 783,200.

Deduction per child and for spouse by CHF 100 to CHF 2,800 and CHF 6,700, respectively.

Child credit by CHF 4 to CHF 259.

Geneva by 0.06% to 2.35%.

Neuchatel by 0.03% to 2.44%.

Decreased the tax rates. The top rate decreased by 0.75% to 28.25%.

First bracket threshold for all filing status. The threshold increased by CHF 1,500 to CHF 201,500 for single employees.

Personal and spouse allowance by CHF 1,000 to CHF 19,000 and CHF 1,900 to CHF 36,900, respectively.

Child deduction by CHF 1,000 to CHF 8,800.

Insurance premium deduction for single and married employees by CHF 900 to CHF 4,100 and by CHF 1,700 to CHF 8,100, respectively.

Tax bracket thresholds for all filing status. The threshold for the 6.5% top bracket increased by CHF 11,000 to CHF 460,100 for single employees.

Personal and dependent allowance by CHF 100 to CHF 5,300 and CHF 300 to CHF 8,300, respectively.

Insurance premium deduction for single and married employees by CHF 50 to CHF 2,450 and by CHF 100 to CHF 4,900, respectively.

Increased the tax bracket thresholds. The threshold for the 19% top bracket increased by CHF 14,206 to CHF 628,045.

Updated the withholding table which incorporates the Federal, Cantonal and Communal rates.

Decreased the tax rates. The top rate decreased by 0.14% to 13.86%.

Updated the withholding table which incorporates the Federal, Cantonal and Communal rates.

Decreased the communal tax coefficient by 1.89% to 52.11%.

Decreased rates for the 11th through 14th tax brackets.

Increased thresholds for the 3rd through 14th tax brackets. The threshold for the 8% top bracket increased by CHF 2,900 to CHF 145,300.

Decreased the personal allowance and child deduction by CHF 400 to CHF 11,200 and CHF 12,000, respectively.

Increased the cantonal tax coefficient by 2% to 82%.

Tax bracket thresholds. The threshold for the 40% top bracket increased by TWD 260,000 to TWD 4,980,000.

Salary deduction by TWD 11,000 to TWD 218,000.

Standard deductions. The deduction increased by TWD 7,000 to TWD 131,000 for single employees.

Personal exemption by TWD 5,000 to TWD 97,000.

Maximum basic income deduction by TWD 800,000 to TWD 7.5 million.

Changed the tax base from the Federal Adjusted Gross Income to the Federal Taxable Income.

Decreased the number of tax brackets from seven to two. The 5.9% rate applies to income over USD 20,500 for single employees.

Social security by USD 2,000 to USD 49,000.

Health by USD 4,000 to USD 98,000.

Decreased the top bracket rate by 0.5% to 37%.

Increased the tax bracket thresholds. The threshold for the 37% top bracket increased by ZMW 3,600 to ZMW 110,400.

153 Countries

50 American States and the District of Columbia

10 Canadian Provinces

9 Swiss Cantons

Equus Tax Engine Tax Estimator Information

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