Corporate Income Tax (CIT)

30% (Resident & Foreign Corporations)

Within 6 months of financial year-end

Within 4 months of financial year-end

4 installments (20th of April, June, September, December)

Personal Income Tax (PIT)

Up to 35%

30 June

30 April

4 installments (20th of April, June, September, December)

Value-Added Tax (VAT)

16% (Petroleum products at 16% since July 2023)

20th of the following month

20th of the following month

12 Monthly Installments

Withholding Tax (WHT)

Residents: Dividends: 5%, Interest :10-25%, Royalties: 5% Non-Residents: Dividends: 15% Interest: 15-25% Royalties: 20% Repatriated Income (Foreign Corps): 15%

20th of the following month

20th of the following month

12 Monthly Installments

Capital Gains Tax (CGT)

15% (Corporate & Individual)

Within 30 days of transfer or sale

Within 30 days of transfer or sale

N/A