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FK Tax 2019

Falkland Islands Tax Tables 2019 - Tax Rates and Thresholds in Falkland Islands

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This page contains the tax table information used for the calculation of tax and payroll deductions in Falkland Islands in 2019. These tax tables are used for the tax and payroll calculators published on iCalculator™ FK, 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 Falkland Islands or would like to add to or suggest amendments to the information herein then please contact us.

Falkland Islands Personal Income Tax Tables in 2019

The Income tax rates and personal allowances in Falkland Islands 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 Falkland Islands Tax Calculator 2019.

Falkland Islands provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Falkland Islands in 2019:

Falkland Islands Standard Deduction in 2019
Residence StatusStandard Deduction
Resident$ 15,000.00
Non-resident$ 0.00
Falkland Islands Residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
21%Income from $ 0.000.00to $ 12,000.00
26%Income from $ 12,000.01 and above
Falkland Islands Non-residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
21%Income from $ 0.000.00to $ 12,000.00
26%Income from $ 12,000.01 and above

In the Falkland Islands, social security deductions are typically not deductible when calculating taxable income. This means that the contributions made by employees to social security are not subtracted from their gross income before the computation of income tax. As a result, these contributions do not reduce the taxable income of the employees, and the overall income tax liability is calculated based on the gross income without considering these social security deductions. This approach is different from some other countries where social security contributions are deductible.

Falkland Islands Social Security and Payroll Deduction Rates in 2019

In the Falkland Islands, the social security and payroll deduction system is designed to provide a range of benefits to employees and employers. This system includes contributions to pension schemes and other social benefits. The primary components of these deductions are detailed below.

Falkland Islands Social Security in 2019: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Fixed Amount Social Security100%100%200%
Falkland Islands Pension scheme (FIPS)5%0%5%
Falkland Islands Social Security and Payroll Deduction in 2019: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Fixed Amount Social Security$ 15,100.80$ 17,154.80$ 15,100.80$ 17,154.80
Falkland Islands Pension scheme (FIPS)n/an/an/an/a

Historic Tax Tables supported for Falkland Islands

The following tax tables are supported by iCalculator™ FK as part of the suite of free tax tools we provide for Falkland Islands.