 Six months after the accounting period, the firm must file a final tax return to TRA.The current corporation tax rate is 30% and 10% for new assemblers of vehicles, tractors and fishing boats for the initial 5 years from commencement of operation

Individuals include sole traders and salaried people who are taxed at progressive individual income tax rate, which varies from the lowest marginal rate of 9% to the top marginal rate of 30%.However, for a non-resident individual the applicable rate is 20%, which is charged on the total income.