The Cuban Official Gazette Dec. 29, 2023, published Law No. 164/2023, on the state budget for 2024. The law includes measures: 1) setting the social security contribution rate of 14 percent; 2) identifying the taxable base for calculating the special contribution to social security; 3) setting the special contribution rate of 5 percent for monthly income up to 15,000 Cuban pesos (US$625) and 10 percent for income over 15,000 pesos; 4) requiring individual taxpayers to submit affidavits for income obtained in 2024; 5) establishing the individual income tax payment and filing period of Jan. 8, through April 30; 6) granting ...
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