- 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 for companies, including resource companies such as companies engaged in mining, oil and gas operations, is 30%.
The tax is levied at the rate of 48% for non-resident companies. However, a non-resident carrying out a project in the country will be assessed to a final withholding tax of 15% on gross income rather than ordinary tax at 48% on net income.