Aruba ƒ 18,000.00 Salary Example for the 2023 Tax Year
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Published on: 2023-05-02 08:02:27
Last modified: 2023-05-02 10:01:33
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Reference(s) Departamento di Impuesto
Tax tables last updated: 2023-05-02 09:48:54
Currency Florin [ AWG ] [ ƒ ]
Introduction: Aruba 2023, ƒ 18,000.00 Salary Example
On this page you will find a detailed salary example for an employee earning ƒ 18,000.00 per annum in Aruba. Note that this is a generic salary example for ƒ 18,000.00 which uses standard setting from the Aruba Income Tax Calculator, a tool that you should use if you wish to calculate the exact payroll deductions for a salary based on your own specific circumstances. The standard setting for this example:
- Use the Aruba resident tax tables.
- Assume the employee is single and has no children or dependents.
- Assume the employee does not have any special tax arrangements (including tax credits/deficits from current/prior tax years which will influence income tax and payroll deduction calculations).
Income Tax and Payroll Calculations for a Resident of Aruba filing a tax return in 2023
The following table provides an overview for a of the payroll deductions types, the amount paid at different payment cycles and the figures as a percentage of gross income for a Resident filing an income tax return in Aruba for the 2023 tax year.
Aruba ƒ 18,000.00 Resident Income Tax Calculations for 2023
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | % |
|---|
| Income | ƒ 18,000.00 | ƒ 1,500.00 | ƒ 1,384.62 | ƒ 692.31 | ƒ 346.15 | ƒ 69.23 | ƒ 8.65 | 100.00% |
|---|
| Social Security Contributions | ƒ 1,188.00 | ƒ 99.00 | ƒ 91.38 | ƒ 45.69 | ƒ 22.85 | ƒ 4.57 | ƒ 0.57 | 6.60% |
|---|
| Taxable Income | ƒ 16,812.00 | ƒ 1,401.00 | ƒ 1,293.23 | ƒ 646.62 | ƒ 323.31 | ƒ 64.66 | ƒ 8.08 | 93.40% |
|---|
| Income Tax Due | ƒ 2,017.44 | ƒ 168.12 | ƒ 155.19 | ƒ 77.59 | ƒ 38.80 | ƒ 7.76 | ƒ 0.97 | 11.21% |
|---|
| Total Deductions | ƒ 3,205.44 | ƒ 267.12 | ƒ 246.57 | ƒ 123.29 | ƒ 61.64 | ƒ 12.33 | ƒ 1.54 | 17.81% |
|---|
| Salary After Tax | ƒ 14,794.56 | ƒ 1,232.88 | ƒ 1,138.04 | ƒ 569.02 | ƒ 284.51 | ƒ 56.90 | ƒ 7.11 | 82.19% |
|---|
| Employer: Social Security Contributions | ƒ 4,459.00 | ƒ 371.58 | ƒ 343.00 | ƒ 171.50 | ƒ 85.75 | ƒ 17.15 | ƒ 2.14 | 24.77% |
|---|
| Employer: Cost of Employee | ƒ 22,459.00 | ƒ 1,871.58 | ƒ 1,727.62 | ƒ 863.81 | ƒ 431.90 | ƒ 86.38 | ƒ 10.80 | 124.77% |
|---|
Aruba: Resident Taxable Income Calculations for 2023
| ƒ 18,000.00 | Annual Income in 2023 |
| - | ƒ 1,188.00 | Social Security Contributions in 2023 |
| = | ƒ 16,812.00 | Your Taxable Income in 2023 |
Aruba: Resident Income Tax Calculation 2023 | Taxable Income Threshold | Tax Rate | Tax |
|---|
| ƒ 0.00 - ƒ 16,812.00 | 12% | ƒ 2,017.44 |
| = | Total Income Tax Due | ƒ 2,017.44 |
Aruba: Pension(AOV/AWW) Employee Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 5% | Aruba Pension(AOV/AWW) employee rate in 2023 |
| = | ƒ 900.00 | Aruba total calculated Pension(AOV/AWW) in 2023 |
| ƒ 85,000.00 | Aruba Maximimum Pension(AOV/AWW) employee contributions in 2023 |
| = | ƒ 900.00 | Aruba Employees Pension(AOV/AWW) Contributions on ƒ 18,000.00 in 2023 |
Aruba: General Health Insurance (AZV) Employee Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 1.6% | Aruba General Health Insurance (AZV) employee rate in 2023 |
| = | ƒ 288.00 | Aruba total calculated General Health Insurance (AZV) in 2023 |
| ƒ 85,000.00 | Aruba Maximimum General Health Insurance (AZV) employee contributions in 2023 |
| = | ƒ 288.00 | Aruba Employees General Health Insurance (AZV) Contributions on ƒ 18,000.00 in 2023 |
Aruba: Sickness Insurance Employee Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 0% | Aruba Sickness Insurance employee rate in 2023 |
| = | ƒ 0.00 | Aruba Employees Sickness Insurance Contributions on ƒ 18,000.00 in 2023 |
Aruba: Accident Insurance Employee Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 0% | Aruba Accident Insurance employee rate in 2023 |
| = | ƒ 0.00 | Aruba Employees Accident Insurance Contributions on ƒ 18,000.00 in 2023 |
Aruba: Cessantia Employee Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 0% | Aruba Cessantia employee rate in 2023 |
| = | ƒ 0.00 | Aruba Employees Cessantia Contributions on ƒ 18,000.00 in 2023 |
Aruba: Pension(AOV/AWW) Employer Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 10.5% | Aruba Pension(AOV/AWW) employer rate in 2023 |
| = | ƒ 1,890.00 | Aruba total calculated Pension(AOV/AWW) in 2023 |
| ƒ 85,000.00 | Aruba Maximimum Pension(AOV/AWW) employer contributions in 2023 |
| = | ƒ 1,890.00 | Aruba Employers Pension(AOV/AWW) Contributions on ƒ 18,000.00 in 2023 |
Aruba: General Health Insurance (AZV) Employer Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 8.9% | Aruba General Health Insurance (AZV) employer rate in 2023 |
| = | ƒ 1,602.00 | Aruba total calculated General Health Insurance (AZV) in 2023 |
| ƒ 85,000.00 | Aruba Maximimum General Health Insurance (AZV) employer contributions in 2023 |
| = | ƒ 1,602.00 | Aruba Employers General Health Insurance (AZV) Contributions on ƒ 18,000.00 in 2023 |
Aruba: Sickness Insurance Employer Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 2.65% | Aruba Sickness Insurance employer rate in 2023 |
| = | ƒ 477.00 | Aruba total calculated Sickness Insurance in 2023 |
| ƒ 70,200.00 | Aruba Maximimum Sickness Insurance employer contributions in 2023 |
| = | ƒ 477.00 | Aruba Employers Sickness Insurance Contributions on ƒ 18,000.00 in 2023 |
Aruba: Accident Insurance Employer Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 2.5% | Aruba Accident Insurance employer rate in 2023 |
| = | ƒ 450.00 | Aruba total calculated Accident Insurance in 2023 |
| ƒ 70,200.00 | Aruba Maximimum Accident Insurance employer contributions in 2023 |
| = | ƒ 450.00 | Aruba Employers Accident Insurance Contributions on ƒ 18,000.00 in 2023 |
Aruba: Cessantia Employer Contributions Calculation 2023 | ƒ 18,000.00 | Annual Income in 2023 |
| × | 1% | Aruba Cessantia employer rate in 2023 |
| = | ƒ 180.00 | Aruba total calculated Cessantia in 2023 |
| ƒ 40.00 | Aruba Maximimum Cessantia employer contributions in 2023 |
| = | ƒ 40.00 | Aruba Employers Cessantia Contributions on ƒ 18,000.00 in 2023 |
Aruba: Total Cost of employment for ƒ 18,000.00 Annual salary in 2023
| ƒ 18,000.00 | Annual Employee Salary in 2023 |
| + | ƒ 4,459.00 | Aruba Employers Social Security Contributions on ƒ 18,000.00 in 2023 |
| = | ƒ 22,459.00 | Aruba: Total Cost of Employee in 2023 |
Aruba Tax Years supported by the Tax Calculator
The following tax years for Aruba are supported by the Tax Calculator, please click on an alternate year to see the ƒ 18,000.00 take home calculation for that year including full payroll deductions and caluclations.
- 2023
- 2022
- 2021
- 2020
- 2019
Aruba Personal Income Tax (PIT) Tables
The ƒ 18,000.00 salary example features PIT calculations based on the 2023 tax tables for Aruba, these includes the tax rates and thresholds shown below. The payroll caluclations made using these tax tables provide the ƒ 18,000.00 after tax calculation shown within the salary example..
Aruba Resident Income Tax Rates and Thresholds in 2023| Tax Rate | Taxable Income Threshold |
|---|
| 12% | ƒ 0.000.00 | to | ƒ 34,930.00 |
| 23% | ƒ 34,930.01 | to | ƒ 65,904.00 |
| 42% | ƒ 65,904.01 | to | ƒ 135,527.00 |
| 52% | ƒ 135,527.01 | | and above |
Aruba Non-resident Income Tax Rates and Thresholds in 2023| Tax Rate | Taxable Income Threshold |
|---|
| 12% | ƒ 0.000.00 | to | ƒ 34,930.00 |
| 23% | ƒ 34,930.01 | to | ƒ 65,904.00 |
| 42% | ƒ 65,904.01 | to | ƒ 135,527.00 |
| 52% | ƒ 135,527.01 | | and above |