Home General Information Direct Taxes Indirect Taxes Contact Us Links Downloading Reports  will require Acrobat  Reader. (click below)	DIRECT TAXES - Taxation of Individuals (click on heading below then click again) Liability of Individuals Determination of Income Tax Rates for Individuals Dependant Rebate Non resident tax rates Payment of tax Credits allowed Special tax treatment of certain payments Employee Allowances and Benefits Special tax treatment of certain payments Until 31 December 1992 several payments were not subject to the normal individual tax provisions but were taxed at a concessional rate of 2% on the gross amount paid. They were taxed separately from other income of the individual. Payments which were subject to concessional tax were:
		(i) Gratuities payable by the Government to non-citizen employees in the public service; and
		(ii) Gratuities or bonuses payable under a contract of employment to an employee having completed 3 years service with the same employer, to the extent that it does not exceed 25% of the fully taxed salary or wages paid or payable over that period.; and
		(iii) Lump sum payments on retirement as a consequence of cessation of employment (including payment for long service leave, annual leave or furlough).
		(iv) From 1 January 1993 a payout from an approved superannuation fund will be taxed at 2% only where the entitlement accrued prior to that date or, the payment is in respect of an employee who has contributed to the fund for at least 15 years. This may be reduced to seven (7) years in specified circumstances.
	View and Print Taxation of Individuals (Tax of Individuals.PDF 15KB)

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