Progressive tax 0%–20% on monthly income. CNAPS pension (1%+13%, capped MGA 1.61M/mo). Monthly calculation.
Two bands: 0% on first MGA 350,000/month, and 20% on income above that. CNAPS pension is 1% employee + 13% employer, capped at MGA 1.61M/month.
Yes. The 1% CNAPS employee contribution is deductible from gross before calculating PAYE tax. Only 1% is deductible; above-cap amounts are not.
CNAPS contributions are capped at MGA 1.61M per month. Once your gross salary reaches this contribution ceiling, no further CNAPS is deducted.
Monthly: deduct CNAPS (1%, capped), then apply 0% band (first 350k) and 20% band (above 350k) to the remaining taxable income.
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