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  • 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 income tax rate is 30%. Oil and gas and certain mineral exploitation activities are subject to tax at rates ranging from 25% to 45%, depending on the ratio of their taxable income to gross revenue.