Resident companies (excluding personal service provider)
Non-resident companies/Branch profits
Personal service provider companies
Combined tax rate of resident company (as a percentage)
Note: Dividends Tax is the liability of the shareholder, while the normal tax is a company liability.
* For tax years ending on or after 31 March 2023 the tax rate is reduced to 27%
Disclaimer: The information contained in this article is a summary of legislation and budget proposals proposed by the Minister of Finance. We suggest that you do not act solely on material contained in the article as the nature of the information contained herein is general and may in certain circumstances be subject to misinterpretation. In addition, the budget proposals may not include all legislative adjustments which could be made in the near future. Consequently we recommend that our advice be sought when encountering these potentially problematic areas. While every care has been taken in the compilation of the article, no responsibility of any nature whatsoever shall be accepted for any inaccuracies, errors or omissions.