Company income tax rate
The list focuses on the main indicative types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST, but does not list capital gains tax. Some other taxes (for instance property tax , substantial in many countries, such as the United States) and payroll tax are not shown here. Corporate Tax Rates. With effect from Year of Assessment 2010, a company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local or foreign company. On Jan. 1, 2018 the corporate tax rate was changed from a decades-long tiered structure which staggered corporate tax rates based on company income to a flat rate of 21% for all companies.