Information about Tonga Minimum wage and taxes.
Tonga is a Pacific island country and I can provide the following information about minimum wage and tax regulations:
1. Minimum Wage: The minimum wage in Tonga is set at
2.65 Pa'anga (Tongan currency) per week as of 2018. This wage applies to full-time employees and is approximately 0.46 Pa'anga when calculated hourly.
2. Tax Rates: Tonga has a personal income tax system and tax rates vary depending on the income level. As of 2021, the following tax brackets and rates apply: - The tax rate for the first 15,000 Pa'anga is 0%. - For incomes between 15,001 and 30,000 Pa'anga, the tax rate is 8%. - For incomes between 30,001 and 60,000 Pa'anga, the tax rate is 15%. - For incomes between 60,001 and 100,000 Pa'anga, the tax rate is 20%. - For incomes of 100,001 Pa'anga and above, the tax rate is 25%. Additionally, Tonga also has property tax, excise tax, corporate tax, and some other taxes. Tax regulations and rates may change over time, so it is important to check with your local tax authorities for up-to-date information. This information is provided to provide a general overview and may not reflect complete and up-to-date tax laws. It is important to get more detailed and up-to-date information by contacting local authorities.
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