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Retained

  • Statutory Tax Rate 18
  • 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 18

Statutory Tax Rate

The standard corporate tax rate for companies is 18% (reduced from 23% effective 1 January 2022). Companies engaged in the extraction and processing of natural resources are subject to tax at the standard corporate tax rate.

Companies producing goods are taxed at the rate of 13% and financial institutions and mobile companies are taxed at the rate of 20%.