Palau Tax Tables 2023 - Tax Rates and Thresholds in Palau
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This page contains the tax table information used for the calculation of tax and payroll deductions in Palau in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ PW, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Palau or would like to add to or suggest amendments to the information herein then please contact us.
2023 Tax Tables [Quick Links]
Related Calculators
Palau Personal Income Tax Tables in 2023
The Income tax rates and personal allowances in Palau are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Palau Tax Calculator 2023.
Palau Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 6% | Income from $ 0.000.00 | to | $ 8,000.00 |
| 10% | Income from $ 8,000.01 | to | $ 40,000.00 |
| 12% | Income from $ 40,000.01 | | and above |
Palau Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 6% | Income from $ 0.000.00 | to | $ 8,000.00 |
| 10% | Income from $ 8,000.01 | to | $ 40,000.00 |
| 12% | Income from $ 40,000.01 | | and above |
Palau Social Security and Payroll Deduction Rates in 2023
In Palau, both employers and employees contribute to a range of social security and payroll deductions designed to provide financial security and support to workers in various circumstances. These contributions fund benefits such as retirement pensions, healthcare, and unemployment support. This overview details the types of social security and payroll deductions in Palau and explains the purpose and benefits of each.
Palau Social Security in 2023: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Social Security | 7% | 7% | 14% |
| Health Insurance | 2.5% | 2.5% | 5% |
Palau Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Social Security | n/a | n/a | n/a | n/a |
| Health Insurance | n/a | n/a | n/a | n/a |
Palau VAT Rates in 2023
VAT rates for Palau are reviewed annually, you can use the VAT Calculator to calculate VAT due in Palau or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Palau VAT Rates| VAT Rate | VAT Description |
|---|
| 0% | Zero Rated |
| 10% | Standard Rate PGST |
Historic Tax Tables supported for Palau
The following tax tables are supported by iCalculator™ PW as part of the suite of free tax tools we provide for Palau.