Income Tax Law

The income tax floor for salaries earned as from November 1, 2022 is set at $330,000 per month.

Likewise, the amounts that entitle the computation of the special deduction increases are set between $330,000 and $431,988 per month.

In reference to the 2nd SAC of 2022, the gross monthly salary and the average gross remuneration for the six-month period will be considered.

>> For more information, click here.