Loading ...REGULATORY FRAMEWORK –> Business Income Tax Rates
The business income tax rates are as follows:-
The business income Tax Rates are as follows:
| RESIDENT COMPANY | NON-RESIDENT COMPANY | ||
| Income | Tax | Income | Tax |
| Under T$100,000 | 15% | Under T$50,000 | 37.50% |
| Above T$100,000 | 30% | Above T$50,000 | 42.50% |
A company whose annual turnover exceeds T$100,000 needs to register for Consumption Tax, which is charged at a rate of 15%.
In 2007 custom tariffs will be comprehensively reformed with ceiling duty rates of 15 or 20% replacing current rates with 45%. This is to make Tonga WTO compliant; as of 2007 Tonga became the 150th WTO member.
