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 general income tax rate is 30%. An Alternate Minimum Tax (AMT) is levied at the rate of 1% of the gross revenue. Effective from 1 March 2019, AMT is levied at the following rates on monthly gross income:
- 3% for large taxpayers (2% if engaged in qualifying fishing activities on the Caribbean coast of Nicaragua);
- 2% for principal taxpayers (principales contribuyentes); and
- 1% for other taxpayers.