For tax years beginning after 31 December 2018, the basic corporate tax rate is reduced from 20% to 18.5%, resulting in a maximum rate of 37.5% with the additional surtax. The graduated surtax rates are as follows after a surtax deduction of USD 25,000 from net taxable income:

• up to USD 75,000 - 5%
• over USD 75,000 up to 125,000 - 15%
• over USD 125,000 up to 175,000 - 16%
• over USD 175,000 up to 225,000 - 17%
• over USD 225,000 up to 275,000 - 18%
• over USD 275,000 - 19%

For tax years beginning after 31 December 2018, optional fixed tax rates are introduced for corporations whose source of income comes substantially from the provision of services that has been subject to withholding tax or estimated payment:

• up to USD 100,000 – 6%
• over USD 100,000 up to 200,000 – 10%
• over USD 200,000 up to 300,000 – 13%
• over USD 300,000 up to 400,000 – 15%
• over USD 400,000 up to 500,000 – 17%
• over USD 500,000 – 20%

Capital gains from the sale of capital assets held for a period of at least one year are taxed at the rate of 20%.