How will the corporate income tax rates be affected?

How will the corporate income tax rates be affected?

The Corporate Income Tax (CIT) rate (for unregulated companies and self-employed persons) will be at a lower headline rate of 25% across the board. Eligible companies can also benefit from a further reduction in the effective corporate income tax rate to as low as 17.5%, where the full Employer Tax Credit (ETC) is applied.  The new headline rate will be applied to all sectors with the exception of the current Junior Stock Exchange regime (subject to modification), as well as, the Bauxite Mining industry and Free Zone regimes (subject to modification).  

**The Junior Market tax relief will be maintained through to the end of 2016