Information about Gambia Minimum wage and taxes.

I have the following information about minimum wage and taxes in Gambia: In Gambia, the minimum wage has been determined on an hourly basis as of 2021. This fee is determined as

1.50 Gambian dalasi (GMD). It is also important to note that generally employees in the country are paid monthly. The tax system is implemented on the basis of the Income Tax Law. Income tax is a tax on personal income and varies according to different income brackets. The income tax rate increases depending on the amount of income. Tax brackets and rates are as follows: - 0% tax rate applies for income between 0 GMD and 12,000 GMD. - A 5% tax rate is applied for income between 12,001 GMD and 24,000 GMD. - A 10% tax rate is applied for income between 24,001 GMD and 36,000 GMD. - A 15% tax rate is applied for income between 36,001 GMD and 48,000 GMD. - 20% tax rate is applied for income of 48,001 GMD and above. Additionally, employers are required to deduct social security contributions from their employees' salaries. These bonuses are applied as a percentage of the employee's gross salary. Premiums are paid to contribute to the employee's retirement, health and other social security rights. The information above provides an overview of minimum wages and taxes in The Gambia. However, tax laws and wage policies may change from time to time, so it is a good idea to consult your local tax and labor legislation for up-to-date information.