HAVANA (Reuters) - Some 1.5 million more Cuban state workers will contribute to social security next month, with some paying income tax for the first time since the 1959 revolution as a law passed as part of efforts to modernize the economy gradually goes into effect.
The workers, mainly in industry, will pay a 5 percent social security tax on income over 500 pesos per month and income tax of 3 percent to 5 percent on earnings over 2,500 pesos per month, Cuban state media said on Friday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!