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Retained

  • Statutory Tax Rate 27
  • 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 27

Statutory Tax Rate

The standard corporate tax rate is 27% for both resident and non-resident taxpayers.

Capital Gains

  • Statutory Tax Rate 27
  • 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 27

Statutory Tax Rate

Capital gains are treated as ordinary income and taxed at the standard corporate rate of 27%. However, capital gains derived from the sale of shares or other equity-like instruments are taxed at a rate of 15% for a period of three years effective 6 August 2021. After three years, capital gains will be taxed at the standard corporate tax rate.