Q. What are the payroll taxes and statutory deductions?

PAYE (Income Tax) – 25% (calculated on gross pay less NIS, S/A, ESOP & threshold).

Education Tax – 2% for employees, 3% for employers (calculated on gross pay less NIS, S/A & ESOP.

NHT – 2% for employees, 3% for employers (calculated on gross pay).

NIS – 2 ½% for employees, employer – 2 ½% (salary ceiling - $500,000).

 

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