background image

Retained

  • 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

Statutory Tax Rate

Corporate income tax is levied at a general rate of 20%. For the period 2017 to 2024, 3 percentage points of this rate is paid to the federal budget and 17 percentage points to the regional budget. Further, the regional tax authorities may reduce the tax rate of their share to 13.5% for certain categories of taxpayers, thereby reducing the overall rate.