He said a recent media report indicating that those who earn up to K12,500 a year will pay 22 percent is incorrect.
“Up to K12,500 a year is TAX FREE (increased from K10 thousand and previously from K6 thousand per year),” said Abel in his Alotau District Facebook page.
“From K12,500 to K20,000 is at 22 percent. From K20,000 to K33,000 is at 30 percent.
“For example, if you earn K33 thousand per year, the first K12,500 is tax free, the amount from K12,501 to K20,000 is taxed at 22 percent, and from K20,001 to K33,000 at 30 percent.