The standard corporate tax rate for resident companies is 25%. The corporate tax rate for companies active in telecommunication, banking and insurance sectors, as well as companies engaged in the importation, warehousing or distribution of petroleum products is 35%. The corporate tax rate for mining companies is 30%. A minimum annual tax is payable at the rate of 3% of annual turnover (increased from 1.5% effective 1 January 2019), which is creditable against corporate income tax, with minimum and maximum amounts as prescribed.

Capital gains arising from the disposal of shares are taxed at a rate of 10%. Capital gains arising from the sale of capital assets (other than shares) are subject to tax at the standard corporate tax rate.