background image

Retained

  • Statutory Tax Rate 18
  • 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 18

Statutory Tax Rate

The standard corporate tax rate (CIT) for companies is 18% (reduced from 20% effective 1 January 2020).