A Summary of Annual Income Tax
Entity Type | Net Income | Tax Rate |
---|---|---|
Legal Persons: Corporations, LLCs, & sole proprietors with a business name on their licences | Over 0% | 20% flat |
Natural Persons: Individuals, sole proprietors with no business name on their licences, & partners in a general partnership | 0 to 60,000AFN | 0% |
150,000AFN to 1,200,000AF | 1,800AFN + 10% over 150,000AFN | |
Over 1,200,000AFN | 106,800AFN + 20% over 1,200,000AFN |