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Starting January 1, 2020, the personal exemption threshold will increase from $15,080 to $30,080, allowing employees with an income of $30,080 or less to pay no PAYE tax. New tax rates will apply for income above this threshold, with specific rates outlined for different income brackets. Employees will benefit from reduced tax deductions from their salaries, and those with no other income will not need to file a tax return at the end of the income year.

Author

Vua Ghore

Language

EN