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8.1.2. Other Taxes

The following table provides an overview of other taxes that may be imposed on a company doing business in the country.

Tax Type Rate(s) Notes
Capital Duty NA NA
Payroll Tax Nil There are no payroll taxes. There is no payroll tax separately due by companies on their total payroll expenditure. Employers are required to withhold income tax and social security premiums on behalf of their employees.
Social Security Employer Contribution 16% Employers are required to contribute to social security at 16% of the salary of the employees.
Social Security Employee Contribution 8.50% Employees are required to contribute 8.5% of their gross salaries towards the social security fund, which is withheld by the employer.
Stamp Duty 0.5% - 15% Stamp duty is payable on a wide variety of transactions and documents, at rates that may be set at specific amounts or on a percentage basis.
Transfer Duty NA NA
Property Tax (IUP) 1.50% Property tax (IUP) is levied annually at the rate of 1.5%, payable by the owner of immovable property. The taxable basis corresponds to 25% of the value attributed by the Evaluation Commission. IUP is also due on the transfer of the real estate, based on the value of the contract declared by the transferee subject to certain exemptions. IUP is also due on certain capital gains. IUP on capital gains is normally paid by the transferor, on the highest of the declared price and the official value of the property concerned.
Customs Duty 0% - 50% depending on the value of goods Customs duties are levied on the customs value of most imported goods. A 50% tariff protection applies for certain domestically produced goods. In response to the COVID 19 pandemic, the tax authorities have announced an exemption from customs duty on the import of machinery and materials required for the preparation of premises to cope with the sanitation rules for the COVID-19 pandemic.
Excise Duty (Special Consumption Tax) 10% - 150% Special consumption tax is imposed on goods that are deemed superfluous, luxurious, or undesirable for economic, social, or environmental policy reasons. Vehicles are subject to special consumption tax according to their age.
Ecologic Charge CVE 2- 100 per item depending on the quantity or weight of the goods An ecologic charge is applied to packing material, whether empty or full, imported or produced internally, non-biodegradable, or made out of metal, glass, or plastic. This fee is due by the local producer or the importer, subject to certain exemptions.