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Retained

  • Statutory Tax Rate 22
  • 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 22

Statutory Tax Rate

The corporate tax rate is reduced to 22% from 24% effective 1 January 2021. A 10% rate applies to agriculture cooperatives and producer groups. Credit institutions, however, remain subject to the 29% tax rate.

Capital Gains

  • Statutory Tax Rate 20
  • 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 20