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2.1ÌýÌýÌýÌý Withholding of income tax

2.1.1ÌýÌýÌýÌý Taxable income

The following are considered salary income (CGI, Art 56):

1. Ìý

   •ÌýÌýÌýÌý wages and salaries

2. Ìý

   •ÌýÌýÌýÌý allowances and emoluments

3. Ìý

   •ÌýÌýÌýÌý special allowances, lump-sum reimbursements of expenses and other remuneration granted to company directors

4. Ìý

   •ÌýÌýÌýÌý pensions

5. Ìý

   •ÌýÌýÌýÌý life annuities

6. Ìý

   •ÌýÌýÌýÌý benefits-in-cash or in-kind granted in addition to the above-mentioned income

Taxable income is obtained by deducting from the gross amounts paid for income and benefits:

1. Ìý

   •ÌýÌýÌýÌý exempt items

2. Ìý

   •ÌýÌýÌýÌý deductible items

Exempt items

The main exempt items include (CGI, Art 57):

1. Ìý

   •ÌýÌýÌýÌý family allowances and family assistance allowances

2. Ìý

   •ÌýÌýÌýÌý allowances intended to cover official expenses, where justified

3. Ìý

   •ÌýÌýÌýÌý alimony payments

4. Ìý

   •ÌýÌýÌýÌý the employer's share of pension and social security contributions

5. Ìý

   •ÌýÌýÌýÌý daily sickness, accident and maternity allowances and death benefits

6. Ìý

   •ÌýÌýÌýÌý compensation for dismissal, voluntary redundancy and any other compensation for damages awarded by the courts or resulting from a conciliation procedure, within the limits