Taxable Income Tax on Lower Rate on Exceeding Not Exceeding Amount Excess FIM FIM FIM % 0 40,000 0 0 40,000 56,000 50 7 56,000 70,000 1,170 17 70,000 98,000 3,550 21 98,000 154,000 9,430 27 154,000 275,000 24,550 33 275,000 - 64,480 39
An additional withholding tax on earned income applies from 1993 through 1995 (see Section F.5, page 53). The table below provides the rates for the additional amounts to be withheld for 1993.
Taxable Income Tax on Lower Rate on Exceeding Not Exceeding Amount Excess FIM FIM FIM % 100,000 150,000 0 2 150,000 275,000 1,000 3 275,000 - 4,750 4
If national income tax is applicable to non-residents, it is levied at a flat rate of 25% on capital income and 35% on earned income instead of at these progressive rates.
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