Retained
- Statutory Tax Rate22
- Surtax Based on Taxable Income0
- Surtax Based on Statutory Tax0
- Surtax Deductible from Taxable Income0
- Statutory Tax Deductable0
- Effective Tax Rate22
Statutory Tax Rate
Effective 1 January 2016, the standard corporate tax rate is reduced from 23.5% to 22%. The rate for companies in the oil and gas industries is 25%.