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Retained

  • Statutory Tax Rate 30
  • 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 30

Statutory Tax Rate

From 1 January 2018, the standard corporate tax rate is 30%, which replaced the 25/30% progressive rate introduced for 2017. An increased rate of 35% is also introduced from 2018 for persons licensed to carry on banking business or the business of banking under the Financial Institutions Act.