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Announcement
Business profit tax and rental income tax regulations
Regulations dated 1 January 2025 set the profit tax payable by businesses and the tax on income from renting houses and buildings.
Two tax regulations issued by the Minister of Finance are now available:
- Business Profit Tax Regulation — sets the annual profit tax for companies by sector and grade (A, B, C), for example telecommunications companies, banks, money-transfer businesses, importers, hotels, hospitals and private schools.
- Rental Income Tax Regulation — tax on rental income of 5% for residential buildings and 10% for commercial buildings. Owners of rented property must register with the tax department; the tax is paid once a year and the annual return is due in March of the following year.
Download both regulations from the Laws & Regulations page.
