From 2017 the corporation tax rate is only 9%.
The Corporate Tax Act also sets out a minimum requirement as regards profit. If the company’s profit before taxes or its tax base do not reach this minimum, the company can choose between two options:
- it either pays the corporate tax on the minimum profit requirement, or
- does not pay it but completes a statement about the reasons for the loss-making (or insufficiently profitable) management (this usually increases the chance of being selected for tax audit).