Yemen Tax Tables 2024 - Tax Rates and Thresholds in Yemen

This page contains the tax table information used for the calculation of tax and payroll deductions in Yemen in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ YE, 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 Yemen or would like to add to or suggest amendments to the information herein then please contact us.

Yemen Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Yemen 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 Yemen Tax Calculator 2024.

Yemen Social Security and Payroll Deduction Rates in 2024

In Yemen, the social security system is designed to provide financial protection and support to employees and their families in cases of retirement, disability, sickness, and unemployment. Both employees and employers contribute to this system, with specific deductions made from payroll to fund these essential social security programs. These contributions play a significant role in ensuring that workers have access to necessary benefits throughout various stages of their life and in different circumstances.

Pension and Retirement Benefits

Pension and retirement benefits form a core part of the social security system in Yemen. Contributions to this fund are designed to provide a steady income to individuals upon reaching retirement age or in cases where they are no longer able to work due to age. This ensures that retirees can maintain a dignified standard of living even after exiting the workforce.

Disability Insurance

Disability insurance offers financial support to employees who become disabled and are unable to continue working. This component of social security is crucial for protecting workers and their families from the economic impacts of unexpected long-term illnesses or injuries that result in disability. The fund aids in covering living expenses and medical costs associated with the disability.

Health Insurance

Health insurance is another significant aspect of the social security deductions in Yemen. It provides coverage for medical expenses, ensuring that employees and their dependents have access to necessary healthcare services. This includes preventive care, treatment for illnesses and injuries, and sometimes, maternity care. Health insurance contributions help alleviate the financial burden of medical care on individuals and families.

Unemployment Insurance

Unemployment insurance is designed to support workers who lose their jobs through no fault of their own. It provides temporary financial assistance to the unemployed, helping them meet their basic needs while they search for new employment. This part of the social security system is vital for maintaining economic stability and supporting workers during transitions between jobs.

Maternity and Family Benefits

Maternity and family benefits are part of the social security contributions in Yemen, aimed at supporting families during and after the birth or adoption of a child. These benefits can include maternity leave payments for mothers and financial assistance to help with the costs of raising children. This support is essential for promoting the well-being of families and encouraging a healthy work-life balance.

Overall, the social security and payroll deduction system in Yemen is integral to protecting workers and their families from various life risks. By contributing to this system, employers and employees invest in a safety net that provides financial security and support when it's most needed. While the system faces challenges, including funding and coverage, it remains a cornerstone of the social contract between the government, the workforce, and employers.

Historic Tax Tables supported for Yemen

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