Martinique Tax Tables 2020 - Tax Rates and Thresholds in Martinique
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This page contains the tax table information used for the calculation of tax and payroll deductions in Martinique in 2020. These tax tables are used for the tax and payroll calculators published on iCalculator™ MQ, 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 Martinique or would like to add to or suggest amendments to the information herein then please contact us.
2020 Tax Tables [Quick Links]
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Martinique Personal Income Tax Tables in 2020
The Income tax rates and personal allowances in Martinique 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 Martinique Tax Calculator 2020.
Martinique Residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from $ 0.000.00 | to | $ 9,964.00 |
| 11% | Income from $ 9,964.01 | to | $ 27,519.00 |
| 30% | Income from $ 27,519.01 | to | $ 73,779.00 |
| 41% | Income from $ 73,779.01 | to | $ 156,224.00 |
| 45% | Income from $ 156,224.01 | | and above |
Martinique Non-residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 30% | Flat rate on all taxable income |
In Martinique, as it is an overseas department of France, social security contributions made by employees are deductible from their gross income for the purpose of calculating taxable income. This aligns with the French taxation system, allowing individuals to deduct their part of the social security contributions when declaring their income tax. This provision helps in reducing the taxable base of the employee, potentially lowering the overall income tax liability and providing a financial relief aligned with the principles of social solidarity and welfare inherent in the French social security system.
Martinique Social Security and Payroll Deduction Rates in 2020
In Martinique, being an overseas department of France, the social security and payroll deduction system closely follows the French model. This comprehensive system is designed to provide coverage for health, family benefits, pensions, and employment injuries, among others. Contributions are made by both employers and employees, funding a wide range of social welfare programs.
Employee Social Security in Martinique
Martinique Employee Social Security Rates and Thresholds in | Rate | Threshold | Taxable Income Threshold |
|---|
| 6.9% | $ 40,524.00 | Old-age insurance |
| 0.4% | All Income | Old-age insurance |
| 9.2% | All Income | Social security surcharge (Contribution sociale généralisée (CSG)) |
| 0.5% | All Income | Social security debt reimbursement contribution (Contribution pour le remboursement de la dette sociale (CRDS)) |
| 3.15% | $ 1.00 to $ 40,524.00 | Supplementary pensions (Agirc-Arrco scheme) Bracket 1 |
| 8.64% | $ 40,524.00 to $ 324,192.00 | Supplementary pensions (Agirc-Arrco scheme) Bracket 2 |
| 0.86% | $ 1.00 to $ 40,524.00 | CEG (Overall balance contribution) |
| 1.08% | $ 40,524.00 to $ 324,192.00 | CEG |
Employer Social Security in Martinique
Martinique Employer Social Security Rates and Thresholds in | 7% | All Income | Health, maternity, disability, death |
| 0.3% | All Income | Autonomy solidarity contribution (Contribution solidarité autonomie) |
| 8.55% | $ 40,524.00 | Old-age insurance (with upper limit) |
| 1.9% | All Income | Old-age insurance |
| 3.45% | All Income | Family benefits |
| 4.05% | $ 162,096.00 | Unemployment |
| 0.15% | $ 162,096.00 | AGS (Wage Guarantee Insurance Association) |
| 4.72% | $ 1.00 to $ 40,524.00 | Supplementary pensions (Agirc-Arrco scheme) Bracket 1 |
| 12.95% | $ 40,524.00 to $ 324,192.00 | Supplementary pensions (Agirc-Arrco scheme) Bracket 2 |
| 1.29% | $ 1.00 to $ 40,524.00 | CEG (Overall balance contribution) |
| 1.62% | $ 40,524.00 to $ 324,192.00 | CEG |
Martinique VAT Rates in 2020
VAT rates for Martinique are reviewed annually, you can use the VAT Calculator to calculate VAT due in Martinique or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Martinique VAT Rates| VAT Rate | VAT Description |
|---|
| 1.05% | Reduced Rated |
| 2.5% | Reduced Rate |
| 8.5% | Standard Rate |
Historic Tax Tables supported for Martinique
The following tax tables are supported by iCalculator™ MQ as part of the suite of free tax tools we provide for Martinique.