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ST Tax 2020

Sao Tome and Principe Tax Tables 2020 - Tax Rates and Thresholds in Sao Tome and Principe

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This page contains the tax table information used for the calculation of tax and payroll deductions in Sao Tome and Principe in 2020. These tax tables are used for the tax and payroll calculators published on iCalculator™ ST, 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 Sao Tome and Principe or would like to add to or suggest amendments to the information herein then please contact us.

Sao Tome and Principe Personal Income Tax Tables in 2020

The Income tax rates and personal allowances in Sao Tome and Principe 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 Sao Tome and Principe Tax Calculator 2020.

Sao Tome and Principe Residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from Db 0.000.00to Db 11,700,000.00
10%Income from Db 11,700,000.01 to Db 50,000,000.00
13%Income from Db 50,000,000.01 to Db 100,000,000.00
15%Income from Db 100,000,000.01 to Db 150,000,000.00
20%Income from Db 150,000,000.01 to Db 240,000,000.00
25%Income from Db 240,000,000.01 and above
Sao Tome and Principe Non-residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from Db 0.000.00to Db 125,900.00
15%Income from Db 125,900.01 to Db 1,000,000.00
30%Income from Db 1,000,000.01 and above

In Sao Tome and Principe, social security deductions made by employees are generally deductible when calculating taxable income. This means that the contributions towards social security can reduce the gross income of an individual, thereby potentially lowering the amount of income tax payable. This approach aligns with practices in many countries, where social security contributions are recognized as a necessary expense for securing future benefits and are thus considered when determining the taxable income of individuals.

Sao Tome and Principe Social Security and Payroll Deduction Rates in 2020

In Sao Tome and Principe, social security and payroll deductions form an essential part of the employment landscape, providing a range of benefits to employees while also ensuring that employers contribute to the welfare system. These contributions fund various social security programs, designed to offer protection and support to workers in various circumstances. Here is an overview of the main components of the social security system in Sao Tome and Principe, highlighting the purpose of each element.

Sao Tome and Principe Social Security in 2020: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Social Security6%8%14%
Sao Tome and Principe Social Security and Payroll Deduction in 2020: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Social Securityn/an/an/an/a

Understanding the structure and benefits of social security and payroll deductions is crucial for both employers and employees in Sao Tome and Principe. These contributions not only fund essential social security programs but also play a significant role in promoting a stable and inclusive society.

Sao Tome and Principe VAT Rates in 2020

VAT rates for Sao Tome and Principe are reviewed annually, you can use the VAT Calculator to calculate VAT due in Sao Tome and Principe or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Sao Tome and Principe VAT Rates
VAT RateVAT Description
0%Zero Rated (Exports)

Historic Tax Tables supported for Sao Tome and Principe

The following tax tables are supported by iCalculator™ ST as part of the suite of free tax tools we provide for Sao Tome and Principe.