Retained
- Statutory Tax Rate30
- Surtax Based on Taxable Income0
- Surtax Based on Statutory Tax0
- Surtax Deductible from Taxable Income0
- Statutory Tax Deductable0
- Effective Tax Rate30
Statutory Tax Rate
The standard corporate income tax rate is 30%. Oil and gas and certain mineral exploitation activities are subject to tax at rates ranging from 25% to 45%, depending on the ratio of their taxable income to gross revenue.