Retained
- Statutory Tax Rate20
- Surtax Based on Taxable Income0
- Surtax Based on Statutory Tax0
- Surtax Deductible from Taxable Income0
- Statutory Tax Deductable0
- Effective Tax Rate20
Statutory Tax Rate
Corporate income tax is levied at a general rate of 20%. For the period 2017 to 2024, 3 percentage points of this rate is paid to the federal budget and 17 percentage points to the regional budget. Further, the regional tax authorities may reduce the tax rate of their share to 13.5% for certain categories of taxpayers, thereby reducing the overall rate.
