The standard corporate tax rate is 30% on worldwide income for resident companies and non-resident entities with permanent establishments. Priority sectors like agriculture, mining, tourism, energy, and infrastructure, as well as businesses operating in Special Economic Zones, may qualify for tax holidays and exemptions under the Investment Promotion Act.
Personal income tax is progressive for residents:
Rates on payments to non-residents are:
Mandatory contributions include:
Under the Investment Promotion Act:
Income Bracket (SLL) | Tax Rate |
Up to 6,000,000 | 0% |
6,000,001 – 12,000,000 | 15% |
12,000,001 – 18,000,000 | 20% |
Above 18,000,000 | 30% |
Standard corporate tax rate: 30%Priority sectors and SEZ-registered companies may benefit from tax holidays and exemptions.
The most common entity type, suitable for small and medium enterprises. Shareholders enjoy limited liability up to their share capital. It requires registration with the Corporate Affairs Commission and must appoint at least one shareholder and director.
Foreign firms can establish branches to operate locally without separate legal status. The parent company retains full liability. Registration is mandatory with local authorities and requires a designated local representative.
Two or more parties can form partnerships. General partners bear unlimited liability, while limited partners have liability restricted to their investment. Partnerships are ideal for joint ventures and cooperatives.
Owned and managed by a single individual, this structure is simple but entails unlimited personal liability. Suited for small-scale or informal businesses.
Chandrawat & Partners is a prominent full-service firm dedicated to delivering top-tier professional services to clients both within the domestic and international spheres.
Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
ASIA
AFRICA
EUROPE
NORTH AMERICA
SOUTH AMERICA
OCEANIA