Retained
- Statutory Tax Rate25
- Surtax Based on Taxable Income0
- Surtax Based on Statutory Tax0
- Surtax Deductible from Taxable Income0
- Statutory Tax Deductable0
- Effective Tax Rate25
Statutory Tax Rate
The corporation tax rate for domestic companies is 25%. Financial institutions licensed under the Banking Act maintaining residential mortgage rates not exceeding 7% are levied a reduced CIT rate of 22.5%.