Type of Corporate | Tax rate |
---|---|
Standard rate for corporates (resident and non-resident) | 30% |
Export processing Zones | 0% for first 10 years, 25% for next 10 Years |
Special economic Zones | 10% for first 10 years, 15% for next 10 Years |
Motor vehicle assemblers | 15% for first 5 Years 15% for a further 5 years if local material is more than 50% of the ex-factory cost |
Affordable Housing Developers | 15% in a year where more than 100 housing Units are sold |