Understanding the corporate income tax and other relevant business taxes is crucial for businesses operating in Cuba. Alongside corporate income tax, businesses should be aware of personal income tax, value-added tax, social security contributions, property tax, and other specific taxes and fees that may apply. Given the recent economic reforms in Cuba, it is advisable to consult with a tax professional or refer to the official Cuban tax authority website for the most accurate and up-to-date information on tax regulations and requirements.
In Cuba, corporate income tax is levied on both domestic and foreign companies conducting business activities within the country. The tax rate is progressive, ranging from 15% to 30% based on the amount of taxable income earned. However, it is important to note that the Cuban government has recently implemented significant economic reforms, including changes to tax regulations. Therefore, it is advisable to consult with a tax professional or refer to the official Cuban tax authority for the most up-to-date information on corporate income tax rates and regulations.
For comprehensive and up-to-date information on business taxes in Cuba, it is recommended to visit the official website of the Cuban tax authority.
Cuban Tax Authority Website: Official Cuban Tax Authority Website