Economic Development

Cubans to Begin Paying Taxes

• Bookmarks: 18

Approximately 1.5 million Cuban workers will be required to pay income tax next month. This will be the first time that most Cubans will pay taxes since 1959. It will take effect starting in October this year.   Those working for government companies and industry workers will have to contribute 5 percent in social security taxes on earnings above 500 pesos or around $20.  Those earning more than 2,500 pesos or $100 per month will pay income tax  between 3 to 5 percent according to the Cuban State Media. Granma,…




Unbiased reporting on economic news and business developments in Cuba by industry sector


bookmark icon
error: This content is copyright protected.