- Statutory Tax Rate18
- Surtax Based on Taxable Income0
- Surtax Based on Statutory Tax0
- Surtax Deductible from Taxable Income0
- Statutory Tax Deductable0
- Effective Tax Rate18
Statutory Tax Rate
The standard corporate tax rate for companies is 18% (reduced from 23% effective 1 January 2022). Companies engaged in the extraction and processing of natural resources are subject to tax at the standard corporate tax rate.
Companies producing goods are taxed at the rate of 13% and financial institutions and mobile companies are taxed at the rate of 20%.