Photo: Cubadebate.

They approve the application of a progressive scale for the payment of Personal Income Tax and an increase in the Special Contribution to Social Security.

The Official Gazette of the Republic No. 20 Extraordinary publishes Resolution No. 41 of March 31, 2023 of the Ministry of Finance and Prices that updates the method of calculating the Special Contribution to Social Security and the Personal Income Tax.

The application of the current amounts in the payment of the Special Contribution to Social Security and the Personal Income Tax to all salaried workers for salary remuneration, profit distribution and stimulation funds up to 15,000.00 pesos per month is ratified .

The amounts to be paid for these taxes are updated, based on the levels of income obtained by the workers from remuneration linked to employment, including salaries and distributed profits, as well as the payments of the stimulation funds in the sector of foreign investment and for their participation in research projects when it exceeds 15,000.00 pesos, in order to achieve greater correspondence with the economic capacity of the taxpayers and the consolidation of the tax principles of justice, equity and progressivity in the payment of taxes .

The collection of this Contribution is maintained through the system of withholdings made by employer entities to their workers when paying their remunerations.

(Taken from Ministry of Finance and Prices)