8.1.2. Other Taxes
The following table provides an overview of other taxes that may be imposed on a company doing business in the country.
| Tax Type | Rate(s) | Notes |
|---|---|---|
| Capital Duty | NA | |
| Payroll Tax | NIL | There is no payroll tax separately due by companies on their total payroll expenditure. Employers are required to withhold income tax and social security premiums on behalf of their employees. |
| Social Security Employer Contribution | 7.5% | Employer is required to contribute towards social security fund at the rate of 7.5% of the gross salary of employees. |
| Social Security Employee Contribution | 7.5% | Employees are required to contribute 7.5% of their gross salaries towards social security fund which is withheld by the employer. |
| Stamp Duty | NA | |
| Transfer Tax | NA | |
| Property Tax (Real property) | NA | |
| Custom Duty | NA | |
| Excise Duty | Varies depending on the type of product | It is levied on imported and domestically manufactured goods such as alcohol, alcoholic beverages, tobacco, gasoline, diesel, other petroleum products, and motor vehicles. |