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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

Corporate income tax is levied at a rate of 18%. The reduced 9% capital gains tax from the sales of shares is abolished effective January 1, 2015