16

If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.

The final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal year.

Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.

16/NA/NA

16/16/16

21

Capital gains are constrained by the normal corporate income tax rate.

14.41%

6.41%