- Date:august 2019
- Tags:tax, general informations
At a glance
***Corporate Income Tax Rate (%) 21 (a)
***Corporate Capital Gains Tax Rate (%) 21
***Branch Tax Rate (%) 21 (a)
Withholding Tax (%) (b)
***Dividends 30 (c)
Interest 30 (c)(d)
***Royalties from Patents, Know-how, etc. 30 (c)
Branch Remittance Tax 30 (e)
Net Operating Losses (Years)
Carryback 0 (f)
Carryforward Unlimited (f)
(a) The 21% rate is effective for tax years beginning after 31 December 2017. In addition, many states levy income or capital-based taxes. A base erosion minimum tax is also imposed on corporations. See Section B.
(b) Rates may be reduced by treaty.
(c) Applicable to payments to non-US corporations and nonresidents.
(d) Interest on certain “portfolio debt” obligations issued after 18 July 1984 and non-effectively connected bank deposit interest are exempt from withholding tax.
(e) This is the branch profits tax applicable to non-US corporations (see Section D).
(f) A net operating loss deduction is generally limited to 80% of taxable income. Special rules apply to certain types of losses and entities. For details, see Section C.