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As a self employed person, what percentage of my income is subject to personal income tax

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  • As a self employed person, what percentage of my income is subject to personal income tax
  • Any monies over $25000.00 per year is deemed taxable: 
  • Monthly – any monies over $2083.88; 
  • Weekly –  any monies over $480.76

With effect from January 1, 2020, the basic rate is 12.5% which applies to the first BBD $50,000 of taxable income; 28.5% applies to taxable income over BBD $50,000.

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