- Statutory Tax Rate 12.5
- 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 12.5
Statutory Tax Rate
The standard corporate tax rate is 12.5% (increased from 10% effective 1 August 2021). Utility, energy, and fuel supply companies and companies deemed to be abusing a dominant market position are subject to tax at a rate of 20%.