background image

Retained

  • Statutory Tax Rate 25
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 25

Statutory Tax Rate

The corporation tax rate for domestic companies is 25%. Financial institutions licensed under the Banking Act maintaining residential mortgage rates not exceeding 7% are levied a reduced CIT rate of 22.5%.