Deemed Profit Margin

Toll manufacturing services relating to children's toys rendered by a resident company to its foreign affiliates have their taxable income deemed at 7% of the total manufacturing costs, excluding materials, and are taxable at a single rate of 28%.

On Gross Revenues Effective Income Tax Rate
Domestic shipping operations 1% 1.2%
Domestic shipping operations 1% 1.2%
Domestic shipping operations 1% 1.2%
Domestic shipping operations 1% (of export value) 1.2%