Updates Authorities Resources
Updates
Updates include calculation and rate changes to reflect current tax law resulting from inflation adjustments, legislative changes, and review of supported authorities. Effective dates indicate when the changes enter into force. Amounts are annual unless stated otherwise.
Angola
Income Tax
Removed the 10% tax bracket which increased the nontaxable threshold by AOA 30,000 to AOA 100,000, effective January 1, 2024. The 25% top rate remains applicable to income exceeding AOA 10 million.
Argentina
Social Security
Increased the employee wage ceiling by ARS 3.6 million to ARS 36.9 million, effective December 1, 2024.
Austria
Income Tax
Increased the following, effective January 1, 2025:
Tax bracket thresholds. The 55% top bracket remains applicable to income exceeding EUR 1 million.
Nonresident threshold adjustment by EUR 402 to EUR 10,888.
Household credit for the following:
One dependent by EUR 29 to EUR 601.
Two dependents by EUR 39 to EUR 813.
Each additional dependent by EUR 13 to EUR 268.
Employment credit for transportation by EUR 25 to EUR 487.
Social Security
Increased the wage ceilings for recurring and non-recurring income by EUR 4,680 to EUR 77,400 and EUR 780 to EUR 12,900, respectively, effective January 1, 2025.
Barbados
Social Security
Increased the wage ceiling by BBD 960 to BBD 63,360, effective January 1, 2025.
Belgium
Made the following changes, effective January 1, 2025:
Income Tax
Increased, based on CPI changes:
Tax bracket and de minima table thresholds. The thresholds for the 50% top bracket increased by EUR 1,520 to EUR 49,840.
Maximum income allocation to non-working spouse by EUR 410 to EUR 13,460.
Standard business deduction limit by EUR 180 to EUR 5,930.
Personal exemption by EUR 340 to EUR 10,910.
Dependent exemptions. The exemption for one child increased by EUR 220 to EUR 7,070.
Corrected the following line item taxability:
From taxable to nontaxable. Previously, line items were taxable unless the Short Term Business Expense position applied:
Employee Language and Cultural Training Costs
Employee Passport and Work Permit Costs
Tax Services
From nontaxable to taxable:
Family Airfare/Hotel En route to Foreign Location
Family Airfare/Hotel on Repatriation
Employee Pre-assignment Medical Exam from taxable to nontaxable.
Brazil
Social Security
Increased the employee contribution bracket thresholds, effective January 1, 2025. The 14% top bracket rate applies to income between BRL 54,481 and BRL 106,046.
Canada
Saskatchewan
Income Tax
Made the following changes, effective January 1, 2025:
Increased the personal and spouse credits by CAD 492 to CAD 19,491.
Decreased the dependent credits by CAD 11,295 to CAD 7,704.
Chile
Increased the following, effective January 1, 2025:
Income Tax
Tax Unit (UTM) to CLP 67,294, which increased the tax bracket thresholds. The threshold for the 40% top bracket increased by CLP 4.9 million to CLP 250 million.
Development Unit (UF) to CLP 38,261, which increased the deduction cap for employee voluntary pension contribution for outbound employees by CLP 411,000 to CLP 23 million.
Social Security
The updated Development Unit also increased the following:
Employment insurance wage ceiling by CLP 3.43 million to CLP 60.51 million.
Other contributions wage ceiling by CLP 2.30 million to CLP 40.31 million.
Colombia
Income Tax
Increased the following based on tax unit (UVT) changes, effective January 1, 2025. Amounts shown in millions:
Tax bracket thresholds. The threshold for the 39% top bracket increased by COP 84.8 to COP 1,543.8.
Maximum voluntary pension deduction by COP 10.4 to COP 189.2.
Basic and dependent allowances by COP 2.2 to COP 39.3 and COP 0.1 to COP 1.6, respectively.
Social Security
Increased the following based on monthly minimum salary changes, effective January 1, 2025. Amounts shown in millions:
Wage ceiling by COP 37.1 to COP 427.1.
Employee pension solidarity bracket thresholds. The threshold for the 2% top bracket increased by COP 29.6 to COP 341.6.
Costa Rica
Income Tax
Decreased the tax bracket thresholds, effective January 1, 2025. The threshold for the 25% top bracket decreased by CRC 456,000 to CRC 56.9 million.
Croatia
Social Security
Increased the employee wage ceiling by EUR 17,136 to EUR 129,456, effective January 1, 2025.
Curacao
Increased the following, effective January 1, 2025:
Income Tax
Tax bracket thresholds. The threshold for the 46.5% top bracket increased by ANG 4,406 to ANG 159,273.
Personal allowance by ANG 79 to ANG 2,850.
Social Security
Wage ceilings for these components:
Health insurance by ANG 23,546 to ANG 597,735.
Employer occupational diseases and work accidents by ANG 2,621 to ANG 83,850.
Denmark
Income Tax
Made the following changes, effective January 1, 2025, unless stated otherwise:
Increased the following:
Threshold at which the 15% high tax rate applies by DKK 22,900 to DKK 611,800.
Personal allowance by DKK 1,900 to DKK 51,600.
Maximum employment allowance by DKK 10,500 to DKK 55,600.
Maximum job allowance and threshold by DKK 100 to DKK 2,900 and DKK 8,400 to DKK 224,500, respectively.
Maximum pension and extra pension deductions by DKK 2,400 to DKK 65,500 and DKK 3,200 to DKK 83,800, respectively.
Expatriate concession minimum salary by DKK 2,900 to DKK 78,000.
Maximum travel expense deduction by DKK 1,200 to DKK 32,800.
Local tax rate by 0.12% to 25.07%.
Corrected the basic tax rate from 12.06% to 12.01%, effective January 1, 2024.
Ecuador
Income Tax
Increased the following, effective January 1, 2025:
Tax bracket thresholds. The threshold for the 37% top bracket increased by USD 1,610 to USD 108,809.
Personal credit by USD 12 to USD 798.
Egypt
Income Tax
Corrected the personal allowance by increasing the amount from EGP 15,000 to EGP 20,000, effective March 1, 2024.
Social Security
Increased the wage ceiling for calculations with a Year Column Label of 2024 or earlier to EGP 174,000.
Finland
Made the following changes, effective January 1, 2025, unless stated otherwise:
Income Tax
Corrected the municipal tax by decreasing the rate from 5.36% to 5.3%, effective January 1, 2024.
Changed certain bracket rates, including an increase to the top bracket rate by 0.25% to 44.25%
Increased the following:
Tax bracket thresholds. The threshold for the 44.25% top bracket remains EUR 150,000.
Tax credit rate by 6% to 18%.
Maximum earned income tax credit by EUR 1,085 to EUR 3,225.
Earned income tax credit phaseout thresholds and rates.
Social Security
Increased the following:
Employer pension contribution rate by 0.04% to 17.38%.
Employer health insurance contribution rate by 0.71% to 1.87%.
Nursing contribution rate by 0.55% to 1.06%.
Daily allowance threshold by EUR 363 to EUR 16,862.
Decreased the following:
Accident insurance contribution rate by 0.03% to 0.6%.
Employee and employer unemployment insurance rates by 0.2% to 0.59% and 0.29% to 0.8%, respectively.
Daily allowance contribution rate by 0.17% to 0.84%.
Gambia
Income Tax
Increased the tax bracket thresholds, effective January 1, 2025. The threshold for the 25% top bracket increased by GMD 12,000 to GMD 76,000.
Germany
Increased the following, effective January 1, 2025:
Income Tax
Tax bracket thresholds. The threshold for the 45% top bracket remains at EUR 277,825.
Surcharge threshold by EUR 1,820 to EUR 19,950.
Child deduction by EUR 30 to EUR 3,336.
Child deduction income thresholds.
Child benefit by EUR 5 to EUR 255.
Social Security
Health insurance contribution rate by 0.4% to 8.55% and wage ceiling by EUR 4,050 to EUR 66,150.
Pension wage ceiling by EUR 7,200 and EUR 6,000, respectively, to EUR 96,600.
Nursing rate by 0.2% to 3.6%.
Greece
Social Security
Decreased the employee and employer social security rates by 0.5% to 13.37% and 21.79%, respectively, effective January 1, 2025.
Guyana
Income Tax
Added a child deduction of GYD 120,000, effective January 1, 2025.
Ireland
Income Tax
Increased the following, unless stated otherwise, effective January 1, 2025:
Tax bracket thresholds. The 40% top bracket threshold increased by EUR 2,000 to EUR 44,000 for single employees, and by EUR 10,200 to EUR 48,000 for single parents.
Personal and employee PAYE credits by EUR 125 to EUR 2,000.
Spouse credit by EUR 250 to EUR 4,000.
Universal Social Charge:
2% bracket threshold by EUR 1,622 to EUR 27,382.
Decreased the third bracket rate by 1% to 3%.
Israel
Income Tax
Increased the following based on CPI changes, effective January 1, 2025:
Tax bracket thresholds. The threshold for the 50% top bracket increased by ILS 24,720 to ILS 746,280.
Credit point value by ILS 108 to ILS 3,012.
Jersey
Income Tax
Increased the standard and child deductions by GBP 700 to GBP 20,700 and GBP 150 to GBP 3,850, respectively, effective January 1, 2025.
Kazakhstan
Made the following changes, effective January 1, 2025:
Income Tax
Increased the basic deduction by KZT 40,320 to KZT 660,576.
Social Security
Updated employer social contribution rates:
Increased social security by 1.5% to 5%.
Decreased pension by 2.5% to 2.5%.
Kenya
Social Security
Increased the pension contribution wage ceiling by KES 432,000 to KES 864,000, effective February 1, 2025.
Latvia
Income Tax
Made the following changes, effective January 1, 2025:
Increased tax rates and brackets. The rate for the top bracket increased by 5% to 36%, while the threshold increased by EUR 121,900 to EUR 200,000.
Added a standard deduction of EUR 6,120.
Social Security
Added an employee and employer social security wage ceiling of EUR 105,300.
Liechtenstein
Social Security
Corrected the unemployment contribution wage ceiling to CHF 126,000, effective January 1, 2024. Previously, monthly contributions were calculated using the annual wage ceiling, resulting in a potential overstatement of tax costs.
Lithuania
Income Tax and Social Security
Increased the threshold for the 32% top income tax bracket and social security wage ceiling by EUR 12,371 to EUR 126,533, based on average monthly salary changes, effective January 1, 2025.
Luxembourg
Increased the following, effective January 1, 2025:
Income Tax
Tax bracket thresholds. The threshold for the top 42% bracket increased by EUR 14,082 to EUR 234,870.
Social Security
Mutual health care rate by 1.28% to 2.64%.
Wage ceiling by EUR 4,012 to EUR 158,268.
Mexico
Increased the following based on minimum wage changes, effective January 1, 2025:
Income Tax
Employment subsidy credit by MXN 197 to MXN 4,881.
Social Security
Wage ceiling by MXN 41,701 to MXN 1.03 million.
Netherlands
Made the following changes, effective January 1, 2025:
Income Tax
Decreased the lowest bracket rate by 1.15% to 8.17%.
Increased the middle bracket rate by 0.51% to 37.48%.
Tax bracket thresholds. The threshold for the top bracket increased by EUR 1,299 to EUR 76,817.
Employment credit rates, bracket thresholds, and phaseout rate. The maximum credit increased by EUR 67 to EUR 5,599.
General credit amount, phaseout threshold, and phaseout rate. The maximum credit increased by EUR 41 to EUR 3,403.
Increased the following for the 30% ruling concession:
Minimum salary to qualify by EUR 790 to EUR 66,657.
Income cap by EUR 13,000 to EUR 246,000.
Social Security
Increased the following:
Employer wage ceiling by EUR 4,236 to EUR 75,864.
Total employer contribution rate by 0.2% to 24%. The updated rates for each component are:
9.75% disability.
7.74% unemployment.
6.51% health.
Norway
Increased the following, unless stated otherwise, effective January 1, 2025:Income Tax
Top three tax rates by 0.1% each. The top rate increased to 17.7%.
Tax bracket thresholds. The threshold for the 17.7% top bracket increased by NOK 60,750 to NOK 1.4 million.
Personal allowance by NOK 20,300 to NOK 108,550.
Decreased the minimum deduction by NOK 12,450 to NOK 92,000.
Social Security
Decreased the employee contribution rate by 0.1% to 7.7%.
Peru
Income Tax
Increased the following based on tax unit changes, effective January 1, 2025:
Tax bracket thresholds. The threshold for the 30% top bracket increased by PEN 1,410 to PEN 37,718.
Standard deduction by PEN 1,400 to PEN 37,450.
Poland
Social Security
Increased the pension and disability wage ceilings by PLN 25,470 to PLN 260,190, effective January 1, 2025.0
Portugal
Income Tax
Increased the following, effective January 1, 2025:
Tax bracket thresholds. The threshold for the top 48% bracket rate increased by EUR 3,696 to EUR 83,696.
Earned income deduction by EUR 358 to EUR 4,462.0
Russia
Social Security
Increased the employer wage ceiling by RUB 534,000 to RUB 2.8 million, effective January 1, 2025.0
Rwanda
Social Security
Increased the employee and employer pension contribution rates by 3% to 6%, effective January 1, 2025.
Serbia
Increased the following, effective January 1, 2025:
Income Tax
Wage tax deduction by RSD 3,423 to RSD 28,423.
Social Security
Wage ceiling by RSD 995,460 to RSD 7.88 million.
Sint Maarten
Social Security
Increased the social security and pension wage ceilings by ANG 5,637 to ANG 131,967, effective January 1, 2025.
Slovakia
Social Security
Increased the wage ceiling by EUR 79,224 to EUR 188,760, effective January 1, 2025.
Slovenia
Income Tax
Increased the following, effective January 1, 2025:
Tax bracket thresholds. The threshold for the 50% top bracket increased by EUR 3,856 to EUR 78,016.
Personal deduction by EUR 260 to EUR 5,260.
Dependent deductions. The amount increased by EUR 140 to EUR 2,838 for the first dependent.
South Korea
Increased the following, effective January 1, 2025:
Income Tax
Dependent credits by KRW 100,000:
First dependent to KRW 250,000.
Second dependent to KRW 300,000.
Additional dependents to KRW 400,000.
Social Security
Health insurance wage ceiling by KRW 200.7 million to KRW 1.52 billion.
Spain
Social Security
Increased the wage ceiling by EUR 2,268 to EUR 58,914, effective January 1, 2025.
Sweden
Made the following changes, effective January 1, 2025:
Income Tax
Increased the following based on price base changes:
Maximum employment income credit threshold by SEK 12,120 to SEK 475,105. Also removed the credit phaseout which applied on income exceeding SEK 775,842.
Personal allowance amounts and thresholds:
The maximum allowance increased by SEK 1,155 to SEK 45,276.
The phaseout threshold increased by SEK 4,665 to SEK 182,869.
Maximum employer voluntary pension deduction by SEK 15,000 to SEK 588,000.
Increased the tax bracket threshold for the 20% top bracket by SEK 27,300 to SEK 625,800.
Increased the following municipal tax rates:
Stockholm by 0.24% to 30.6%.
Average by 0.04% to 32.41%.
Decreased the expatriate concession salary threshold by SEK 29,400 to SEK 88,200.
Social Security
Increased the employee wage ceiling by SEK 35,508 to SEK 650,442.
Switzerland
Made the following changes, effective January 1, 2025:
Income Tax
Increased the following:
Tax bracket thresholds for all filing status. The threshold for the 11.5% top bracket increased by CHF 10,100 to CHF 793,300 for single employees.
Child deduction by CHF 100 to CHF 6,800.
Insurance premium deduction for married employees by CHF 100 to CHF 3,700.
Applied a proration to foreign social contributions based on months spent in Switzerland when the employee remains a tax resident in the home country in determining the amount deductible in Switzerland. Also included the foreign social contribution as deductible for non-equalized calculations for inbound employees.
Social Security
Increased the Pillar II pension contribution minimum and maximum thresholds by CHF 735 to CHF 26,460 and CHF 2,520 to CHF 90,720.
Updated the family allowance contribution rates:
Increased the following:
Basel-Land, Basel-Stadt, and Schaffhausen by 0.1% to 1.6%.
Zurich by 0.1% to 1.2%.
Decreased the following:
Geneva by 0.03% to 2.32%.
Neuchatel by 0.05% to 2.39%.
Basel Land
Income Tax
Increased the tax bracket thresholds, effective January 1, 2025. The threshold for the 18.6% top bracket increased by CHF 17,122 to CHF 1.28 million.
Basel Stadt
Income Tax
Increased the following, effective January 1, 2025:
Tax bracket thresholds for all filing status. The threshold for the 28.25% top bracket increased by CHF 4,000 to CHF 316,300 for single employees.
Personal and spouse allowances by CHF 200 to CHF 19,500 and CHF 500 to CHF 38,000, respectively.
Insurance premium deductions for single and married employees by CHF 100 to CHF 4,200 and CHF 8,400, respectively.
Child deduction by CHF 100 to CHF 9,000.
Berne
Income Tax
Made the following changes, effective January 1, 2025:
Increased the tax bracket thresholds. The threshold for the 6.5% top bracket increased by CHF 7,500 to CHF 467,600 for single employees.
Decreased the cantonal tax rate by 0.05% to 2.98%.
Geneva
Income Tax
Made the following changes, effective January 1, 2025:
Increased the following:
Tax bracket thresholds. The threshold for the 18% top bracket increased by CHF 21,310 to CHF 649,355.
General employment deduction by CHF 87 to CHF 1,812.
Child deduction by CHF 660 to CHF 13,660.
Insurance premium deductions:
Single individuals by CHF 113 to CHF 2,345.
Married individuals by CHF 170 to CHF 3,518.
Dependents by CHF 46 to CHF 959.
Updated the withholding table which incorporates the Federal, Cantonal and Communal rates.
Neuchatel
Income Tax
Made the following changes, effective January 1, 2025:
Increased the following:
Personal and married deductions by CHF 100 to CHF 2,100 and CHF 200 to CHF 3,800, respectively.
Child deduction by CHF 200 to CHF 6,200.
Single and married insurance premium deductions by CHF 100 to CHF 2,500 and CHF 4,900, respectively.
Decreased the cantonal coefficient by 1% to 124%.
Updated the withholding table which incorporates the Federal, Cantonal, and Communal rates.
Schaffhausen
Income Tax
Decreased the cantonal and communal coefficients by 4% to 79% and 86%, respectively, effective January 1, 2025.
Vaud
Income Tax
Made the following changes, effective January 1, 2025, unless stated otherwise:
Increased the following:
Tax bracket thresholds. The threshold for the 15.5% top bracket increased by CHF 3,800 to CHF 291,400.
Insurance premium deduction for single and married employees by CHF 100 to CHF 5,000 and CHF 9,900, respectively.
Updated the withholding table which incorporates the Federal, Cantonal and Communal rates.
Increased the following, retroactively effective January 1, 2023:
Insurance premium deduction phaseout thresholds and amount:
Lower phaseout threshold by CHF 6,600 to CHF 122,600.
Upper phaseout threshold by CHF 10,400 to CHF 160,400.
Lower phaseout amount by CHF 100 to CHF 2,100.
Family quotient ceiling and per-child adjustment by CHF 5,700 to CHF 206,600 and CHF 600 to CHF 22,900, respectively.
Zug
Income Tax
Increased the following, effective January 1, 2025:
Tax bracket thresholds. The threshold for the 8% top bracket increased by CHF 2,200 to CHF 149,900.
Personal allowance and child deduction by CHF 200 to CHF 12,000 and CHF 100 to CHF 12,600, respectively.
Insurance premiums for single and married employees by CHF 100 to CHF 3,500 and CHF 200 to CHF 7,000, respectively.
Zurich
Income Tax
Updated the withholding table which incorporates the Federal, Cantonal, and Communal rates, effective January 1, 2025.
Taiwan
Social Security
Increased the following, effective January 1, 2025:
Employee and employer workers' insurance contribution rates by 0.1% to 2.5% and 0.4% to 8.8%, respectively.
Health insurance wage ceiling by TWD 1.12 million to TWD 3.76 million.
Tunisia
Income Tax
Updated the tax table from a five-tiered to an eight-tiered table with a 40% top rate on income exceeding TND 70,000, effective January 1, 2025.
Turkey
Increased the following, effective January 1, 2025:
Income Tax
Tax bracket thresholds. The threshold for the 40% top bracket increased by TRY 1.3 million to TRY 4.3 million.
Maximum wage exemption and voluntary pension deduction by TRY 72,036 to TRY 312,066.
Social Security
Wage ceiling by TRY 540,270 to TRY 2.3 million.
Ukraine
Income Tax
Increased the war tax rate by 3.5% to 5%, effective December 1, 2024.
United States
Arkansas
Income Tax
Increased the standard deduction for all filing status, effective January 1, 2025. The deduction increased by USD 70 to USD 2,410 for single employees.
Indiana
Income Tax
Decreased the ordinary and supplemental rates by 0.05% to 3%, effective January 1, 2025.
Louisiana
Income Tax
Made the following changes, effective January 1, 2025:
Replaced the three-tier statute and supplemental tax tables with a flat rate of 3%.
Added a standard deduction for all filing status. The deduction is USD 12,500 for single employees.
Removed the personal and dependent exemption credits.
Zambia
Social Security
Increased the maximum contribution by ZMW 2,609 to ZMW 20,498, effective January 1, 2025.
Income Tax Treaties & Social Security Agreements
Added the following:
| Countries | Effective Date | Duration (Months) |
Income Tax | Czech Republic - Rwanda | January 1, 2025 | 6 |
Social Security | Brazil - Bulgaria | January 1, 2025 | 24 |
Authorities
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