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Retained

  • Statutory Tax Rate 12.5
  • 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 12.5

Statutory Tax Rate

The standard corporate tax rate is 12.5% (increased from 10% effective 1 August 2021). Utility, energy, and fuel supply companies and companies deemed to be abusing a dominant market position are subject to tax at a rate of 20%.