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Retained

  • Statutory Tax Rate 28
  • 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 28

Statutory Tax Rate

The standard corporate tax rate for companies, including mining and real estate companies, is 28%. Micro-finance and private educational companies are subject to corporate tax at the rate of 25%. Companies engaged in agriculture, agropastoral, poultry, and fishing activities are exempt from corporate tax.

Effective Tax Rate

The standard corporate tax rate for companies, including mining and real estate companies, is 28%. Micro-finance and private educational companies are subject to corporate tax at the rate of 25%. Companies engaged in agriculture, agropastoral, poultry, and fishing activities are exempt from corporate tax.