The standard corporate tax rate is 27% (reduced from 28% effective from 2019).

Capital gains from the transfer of shares and the transfer of immovable property or property rights are subject to capital gains tax at the rate of 7%. Capital gains on the transfer of mining rights or operating licenses are subject to capital gains tax at the rate of 15%.

Gains arising from the transfer of assets are included in the taxable income and are taxed at the standard corporate tax rate. However, only 50% of the capital gains derived from the disposal of fixed assets on cessation of business or in the case of partial transfer of a company are included in the taxable income. When the disposal, transfer, or cessation is made after a holding period of at least 5 years, only one-third of the capital gains amount is included in the taxable income.

As per the 2020 Finance Act, capital gains derived from the transfer of shares held for more than 2 years are reduced by 10%. However, full taxation applies if the shares were held for less than two years. Gains derived from the transfer of immovable property held for more than 5 years are reduced by 10% as regards building and land, and 20% for other immovable property.