Retained
- Statutory Tax Rate 26
- 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 26
Statutory Tax Rate
The standard corporate tax rate is 26%.
Reduced rates apply as follows:
- 23% for tourism and construction sectors; and
- 19% for manufacturing companies. Effective 1 January 2022, a reduced rate of 10% applies to qualifying manufacturing companies on profits reinvested in the acquisition of manufacturing equipment or the acquisition of shares or other securities representing at least a 90% participation in the capital of another manufacturing, construction, or service company.