background image

Retained

  • Statutory Tax Rate 33
  • 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 33

Statutory Tax Rate

The standard corporate tax rate for companies is 33%.

In response to the COVID-19 pandemic, the corporate tax rate is reduced to 25% for companies that maintain at least 75% of their staff in 2022. The reduced rate applies from 1 January 2022 until 30 June 2022.