On 29 December 2016, a resolution published in Official Gazette No. 912, established the individual income tax rates applicable to income derived in 2017. The new income tax rates are as follows:
| Taxable income (USD) | Tax due on lower limit (USD) | Marginal rate on the excess (%) |
| up to – 11290 | 0 | 0 |
| 11290 – 14390 | 0 | 5 |
| 14390 – 17990 | 155 | 10 |
| 17990 – 21600 | 515 | 12 |
| 21600 – 43190 | 948 | 15 |
| 43190 – 64770 | 4,187 | 20 |
| 64770 – 86370 | 8,503 | 25 |
| 86370 – 115140 | 13,903 | 30 |
| over 115140 | 22,534 | 35 |