Retained
- Statutory Tax Rate30
- Surtax Based on Taxable Income0
- Surtax Based on Statutory Tax0
- Surtax Deductible from Taxable Income0
- Statutory Tax Deductable0
- Effective Tax Rate30
Statutory Tax Rate
The standard corporate tax rate is 30% (increased from 25% effective 1 January 2021). The rate for a branch or permanent establishment of a non-resident company is 37.5%.
Capital Gains
- Statutory Tax Rate5
- Surtax Based on Taxable Income0
- Surtax Based on Statutory Tax0
- Surtax Deductible from Taxable Income0
- Statutory Tax Deductable0
- Effective Tax Rate5
Statutory Tax Rate
Capital gains tax is imposed at the rate of 5% on the net gain from the transfer of property, which includes land, buildings, and marketable securities. However, gains derived from the sale of listed shares and securities are exempt from tax.