Yemen flag Yemen:

Presentation of Yemen : Taxation

Sales Tax
5% (standard rate), 10% for telecommunications and GSM services.
Company Tax :
Standard corporate tax: 20%
Mobile phone service providers: 50%
International telecom services providers, oil, gas, and minerals entities, cigarette manufacturers and importers: 35%
Concession companies engaged in the exploitation of oil and gas: 3% on expenditure incurred during the exploration phase
Investment projects registered under the investment law: 15%
Small firms (i.e. those whose annual turnover is more than YER 1.5 million but less than
YER 20 million and that have between three and nine employees): Rates ranging from 5% to 20%, according to the type of activities.
Micro-entities (i.e. resident entities with annual turnover of less than YER 1.5 million and that have fewer than three employees): Exempt from taxation
Withholding Taxes :
Dividends: 0%/10% (non-resident companies); Interests: 0%/10% (non-resident companies); Royalties: 0 (residents)/10% (non-residents).
Social Security Contributions Paid By Employers :
9%
Other Domestic Resources
Yemenese Tax Authority, in Arabic
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 

Country Comparison For Corporate Taxation

  Yemen Middle East & North Africa United States Germany
Number of Payments of Taxes per Year 44.0 20.8 10.6 9.0
Time Taken For Administrative Formalities (Hours) 248.0 204.0 175.0 218.0
Total Share of Taxes (% of Profit) 26.6 32.1 36.6 48.8

Source: Doing Business - Latest available data.

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Latest Update: May 2022