New start date for upper income tax band

Employers should note that the Ministry of Finance, Economic Affairs and Investment has changed the effective date of the new upper income tax band from July 1 to August 1.

The introduction of a new upper income tax band of 40 per cent on those whose assessable incomes are greater than $75 001, is part of the changes which the Prime Minister and Minister of Finance, Economic Affairs and Investment, Mia Amor Mottley, announced as part of the Mini-Budget on June 11. (PR)