Taxes for Cuban own businesses

[R_P_A_S]

I wanted to know what you guys thought of the amount of taxes Cubans have to pay to the state in order to run a business. like room for rent, restaurants, bike shops and such.

i heard and read its somewhere from 250 to 550 American dollars. Isn't that a bit too much????

[Demogorgon]

The Corporate income tax (the tax to run a business in other words) in Cuba is 30%. By comparison in America it range from 15-35% and in Britain it is 28%.

So it is pretty much in the normal range.

[Janus]

The average worldwide tax rate is between 27-30% so Cuba's is average.

corporate income tax rates (http://www.taxfoundation.org/blog/show/1471.html)

[R_P_A_S]

ok. but isn't it more expensive when you only make $15 a month?

[Janus]

Just found this article which might answer some of your questions.

Cuba's self-employed (http://www.worldbank.org/html/prddr/trans/mayjun97/art11.htm)