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8.2.1. Corporate/Profit Taxes

In general, when a non-resident entity has a permanent establishment in the country, income attributed to the permanent establishment  will be taxed in the same manner and at the same rates as the income of a resident entity. Income not attributed to a permanent establishment  is generally subject to withholding tax. Effective 26 September 2016, as a measure to increase transparency in investments, non-resident entities operating in the country through a permanent establishment  are required to disclose the identity of any owners/shareholders with a participation of at least 10%, in their annual tax declaration.