Direct Tax
Corporate Income Tax (CIT) was enacted under Income Tax Law No. 37 in 2025. This tax is levied on business profits once a year across sectors such as General Business, Industrial, Agriculture, Provisions, Seasonal Business, Services, etc. Tax rates are applied based on business classification as follows:
NB. This Tax is Payable Annually
| Business Type | Tax Rate |
| Small Business (Sales < USD 10,000) | $150 (Flat rate) |
| Medium Business (Sales USD 10,000 – 50,000) | 1.5% of turnover (sales) |
| Large Business (Sales > USD 50,000) | 15% of profit |
| Non-resident Companies | 18% (Flat rate) |
| No | Income | Percentage% |
| 1 | $500 - $ 20,000 | 15% |
| 2 | $20,010 and More | 22.5% |
The Payroll Income Tax was enacted under Income Tax Law No. 37 of 2025 (based on Article 90). This tax is obligatory for anyone who receives income from employment within the country, such as salary, bonuses, and allowances, and is assessed according to the monthly income at specified progressive percentages.
Who pays: Self-employed individuals, sole proprietors, and employees (tax withheld monthly by the employer).
NB. This tax is payable monthly.
| Monthly Income | Tax Rate (%) | Monthly Calculation |
| $0 – $100 | 0% | $0 |
| $100 – $500 | 6% | 6% of the amount exceeding USD 100 |
| $500 – $1,500 | 12% | USD 24 + 12% of the amount exceeding USD 500 |
| Above $1,500 | 18% | USD 144 + 18% of the amount exceeding USD 1,500 |