From 2019, a regressive corporate income tax is introduced that generally applies for all companies as follows:

• 5.5% on all taxable income up to BBD 1,000,000;
• 3.0% on all taxable income exceeding BBD 1,000,000 but not exceeding BBD 20,000,000;
• 2.5% on all taxable income exceeding BBD 20,000,000 but not exceeding BBD 30,000,000; and
• 1.0% on all taxable income exceeding BBD 30,000,000.

For insurance companies, different rates apply from 2019:

• 0% for Class 1 license holders (insurers of related-party risks);
• 2% for Class 2 license holders (insurers and reinsurers of third-party risk); and
• 2% for Class 3 license holders (insurance brokers and managers).