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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.