Self-Employed

These are taxes on individuals or partnership engaged in trade, business, profession or vocation. They are required to have Taxpayer Identification Numbers (TIN).

    1.Individuals Engaged in Trade, Business, Profession or Vocation: Tax Rate Applicable:

Not over Le 6 million per annum:     Nil        

Next Le 6 million per annum:          15%

Next Le 6 million per annum:          20%

Next Le 6 million per annum:          30%

Above Le24 million per annum:      35%

 

Due date for payment:

Quarterly: 15th day of the last month in the relevant quarter.

Legal Provision:

Section 4 (1) and Part I of the First schedule of Income Tax Act, 2000 (as amended).

    2. Partnership Engaged in Trade, Business, Profession or Vocation:

A partnership is a contract between two or more persons who agree to pool talent and money and share profit or losses. As each partner is taxed separately, all partners are therefore required to have a Taxpayer Identification Number (TIN) which should be different from the TIN of the partnership.

Tax Rate Applicable:

Not over Le 6 million per annum:  Nil        

Next Le 6 million per annum:       15%

Next Le 6 million per annum:       20%

Next Le 6 million per annum:       30%

Above Le24 million per annum:   35%

Due date for payment:

 

Quarterly: 15th day of the last month in the relevant quarter.

Legal Provision:

Section 4 (1) and Part I of the First schedule of Income Tax Act, 2000 (as amended).