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Retained

  • Statutory Tax Rate 0
  • 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 0

Statutory Tax Rate

There is no federal corporate tax. Tax is levied only on oil and gas companies (at rates set forth in the concession agreements) and on branches of foreign banks (at rates fixed in agreements with the relevant ruler).