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Social Security All working persons (employees or self-employed) 16 years or older, are required by law to get registered and to contribute toward their future benefits. They are required to pay contributions until they attain the Pensionable Age.
Tax Information All working persons are required to pay income tax, in accordance with the income tax tables. The rates of tax ranges from 5%- 40%, however there is an annual tax threshold of $15,000 per annum. There are 4 main types of taxes: Income Tax, Property Tax, Company tax and Withholding tax.