Tax Rate of Companies
|
Companies are
taxed on the basis of the corporate rate which is 10% and is the lowest tax
rate in the European Union. The tax is imposed on the taxable income of the
Company which arises from the income of the company less any deductions which
are permitted.
Shipping Companies are taxed based on the Special Tax Rate which is 4.25%. Alternatively, such companies can choose to be taxed with the special tonnage tax instead of the Corporate Tax. |
