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The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax. Personal income tax includes all applicable taxes, including all unvested social security contributions.
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax.
For example, a book manufacturer in Ireland who purchases paper including VAT at the 23% rate [28] and sells books at the 0% rate [29] is entitled to reclaim the VAT on the purchase of paper, as the business is making taxable supplies. In countries like Sweden and Finland, non-profit organisations such as sports clubs are exempt from all VAT ...
All Countries; List of countries by tax rates. Tax revenue to GDP ratio; Tax rates in Europe; Individual Countries; Albania; Algeria; Argentina; Armenia; Australia
This scheme allows a VAT registered business with a turnover of less than £150,000 (excluding VAT) per annum to pay a fixed percentage of its turnover to HMRC every 3 months. [36] The scheme is designed to reduce red tape for small business and allow new companies to keep some of the VAT they charge to their customers.
30% (including social contributions) after 2018 ('PFU'), before: 33.3% (36.6% above €3.5M, 15% below €38k) [21] 49% (45% +4% for annual incomes above €250,000 for single taxpayers or above €500,000 for married couples) [ 22 ] + social security and social contribution taxes at various rates, for example 17,2 % for capital gains ...
Including the labour market contribution of 8%, the maximal effective marginal tax rate on labour income in 2019 is 55.9% (=0.08 + 0.92*0.5205). For capital income, there is a separate, lower maximum tax rate of 42% (Before inflation.
Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [1]