Retained
- Statutory Tax Rate28
- Surtax Based on Taxable Income0
- Surtax Based on Statutory Tax0
- Surtax Deductible from Taxable Income0
- Statutory Tax Deductable0
- Effective Tax Rate28
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.