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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 statutory corporate income tax is levied at a flat rate of 25%. The alternative calculation of taxable income (calculo alterno del impuesto sobre la renta, CAIR), is only applicable if the annual taxable income exceeds PAB 1.5 million. If this is the case the total taxable income is reduced by 95.33% and taxed at a 25% flat rate. Total taxable income is defined as gross income (taxpayer's total general income), minus exempted, non-taxable and foreign income. Total taxable income is then reduced by 95.33%, resulting in taxable net income that is taxed at a flat rate of 25%.

Capital Gains

  • Statutory Tax Rate 10
  • 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 10