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Retained

  • Statutory Tax Rate 10
  • 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 10

Statutory Tax Rate

The corporate income tax is assessed at the flat rate of 10%. Effective from 1 January 2020, a simplified regime is applicable for small-and-medium-sized companies based on gross turnover.