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Retained

  • Statutory Tax Rate 22
  • 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 22

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%.