Domestic Taxes and Tax Rates

The domestic taxes and tax rates are as follows;

  • Value Added Tax (VAT) is 18% with exemptions and zero rating in certain cases
  • Excise Tax
  • Withholding Taxes
    • Dividends payment to none resident or individual 15%
    • Interest payment to non resident 15%
    • Royalty payment to non resident 15%
    • Technical services fees to non-resident is 15%
    • Pay As You Earn (PAYE) is progressive to 30%
    • Corporate Income Tax (CIT);  30%
    • Personal Income Taxes  (PIT); are  progressive to 30%

Social Security contributions is 8%  ( 5% employer and 3% employee)

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