CORPORATE TAX IS PAID BY COMPANIES, BRANCHES AND PROJECT OFFICES OF OVERSEAS COMPANIES ON PROFITS AND OTHER INCOME
- The rate of corporate tax in respect of domestic companies will reduce to 25 per cent over the next four years
- Surcharge enhanced from 5 to 7 per cent and 10 to 12 per cent where income exceeds 10 million and 100 million respectively
- Surcharge at 2 per cent and 5 per cent where income exceeds
10 million and 100 million respectively
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