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Retained

  • Statutory Tax Rate 30
  • 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 30

Statutory Tax Rate

The standard corporate tax rate is 30% (increased from 25% effective 1 January 2021). The rate for a branch or permanent establishment of a non-resident company is 37.5%.

Capital Gains

  • Statutory Tax Rate 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 5

Statutory Tax Rate

Capital gains tax is imposed at the rate of 5% on the net gain from the transfer of property, which includes land, buildings, and marketable securities. However, gains derived from the sale of listed shares and securities are exempt from tax.