LOW AND EFFICIENT TAXATION CONDUCTIVE TO BUSINESS

Corporate Profit Tax of 0% or 15% encourages reinvestment;

Personal Income Tax – 20%;

VAT – 18%;

Property Tax – 1%;

Customs/Import Tax – 0%, 5%, or 12%; Personal Income Tax for Interest, Dividends, Royalties – 5%; Pension Contribution - 6% (2% paid by Employer, 2% paid by Employee, 2% paid by Government); 

Double taxation avoidance treaties with 55 countries.