Applicable Taxes

Personal Income Tax

Ranges from 0% - 25% on a graduated basis

Corporation Tax

27% of computed/accepted net profit or 1% of turnover of audited accounts or 2% of turnover of un-audited accounts
(whichever is higher)

Indirect Taxes

Capital Gains Tax

15% of net gains or 5% of sales tax (in the case of personal tax)

25% of net gains or 10% of sales tax (in the case of Company tax)

Environmental Tax

US$0.03 per person per month

Value Added Tax

15%

National Education levy

Ranges from US$600 to US$1,100 depending on turnover