Business Taxation

Entrepreneurs, corporations, joint owners of corporations, and those engaged in agriculture and forestry are subject to business taxation.

The profit of sole traders and business partnerships are taxed as entrepreneur's income. The entrepreneurial income of an entrepreneur is divided by business taxation into capital income and earned income.

Limited companies are regarded as separate taxable entities subject to a corporate tax of 26%. Should a limited company pay a dividend to its shareholders, the dividend will be taxed as income of the shareholders in accordance with applicable laws and regulations.

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