apollo

Key Features

The rate of the tax payable by a company in respect of its taxable income is 1.5%.

The rates of withholding tax are the following:

• dividend paid to a resident – nil;
• dividend paid to a non-resident – nil;
• interest paid to a resident – nil;
• interest paid to a non-resident – nil;
• royalty paid to a non-resident for the right to use a copyright, patent, trademark, design, model, plan – nil;
• royalty paid to a non-resident for supply of scientific, technical, industrial or commercial knowledge, services, information – nil;
• royalty paid to a non-resident for the right to use a secret formula, process ot know-how whether technical, managerial or otherwise, other intellectual property or right – nil;
• royalty paid to a non-resident for the right to use an industrial, commercial or scientific equipment – nil.