| Tax |
Rate |
Comments |
| Income tax(Legal entity) |
30% |
The companies that operate in free zones are tax exempt of their operations |
| Income tax for telecommunications companies |
30% |
Only 50% of the net income is considered taxable revenue |
| Income tax on interest remittance |
6% |
6% must be withheld on interests paid to a beneficiary abroad. |
| ITBNS(Movables and Services Transfer Tax) |
5% |
10% for luxurious items, including commercial leasing. |
| Property tax |
Max 2.1% |
|
| Royalty tax |
Varies |
Income tax must be withheld depending on whether the beneficiary is a natural or a legal person |
| Income tax.Natural Person |
Max 30% |
Progressive scale that starts taxing U.S.$130.00 for the first $3,000.00 of taxable rent in one year. |
| Dividend tax |
10% or 20% |
10% is withheld in the case of nominative shares at the time of divident distribution and 20% is withheld when they are the bearer's shares. |
