|Corporate Income Tax||39%||A|
|Capital Gains Tax||20%||B|
|Net Operating Losses (years)|
|Royalties from, for example, patents, know-how||2%||29%||E|
|Branch Remittance Tax||10%|
A This is the maximum tax rate. An alternative minimum tax (AMT) may apply instead of the regular tax.
B Under Act 77-2014, this rate applies to longterm capital gains realised after June 30 2014.
C Under Act 77-2014, this rate applies to distributions made after June 30 2014.
D A 29% withholding tax is imposed on interest paid to foreign corporations on related-party loans.
E The rate is 2% to 29%.
F Net operating losses incurred during tax years beginning after December 31 2004 and before January 1 2013 may be carried forward for 12 years. For net operating losses incurred during tax years beginning after December 31 2012, the carryforward period is 10 years. For years beginning before January 1 2005, the carryforward period was seven years.