South Sudan's Ministry of Finance and Economic Planning published the 2019/2020 Financial Act on 12 December 2019. The Act was signed by the president on 17 September 2019 and includes the following key measures:
- The monthly personal income tax brackets/rates are set as follows:
- up to SSP 2,000 - 0%
- SSP 2,001 to 5,000 - 5%
- SSP 5,001 to 10,000 - 10%
- SSP 10,001 to 15,000 - 15%
- SSP 15,001 and above - 20%
- The business profit tax rates are maintained at:
- 10% for taxable profits of a small busi…