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Taxation in Belgium consists of taxes that are collected on both state and local level. The most important taxes are collected on federal level, these taxes include an income tax, social security, corporate taxes and value added tax. At the local level, property taxes as well as communal taxes are collected. Tax revenue stood at 48% of GDP in ...
Under the Investment Tax Code, approved on September 23 2009, [3] a new type of residency, for tax purposes was created under the Personal Income Tax Code, called non-habitual residency (NHR). This new tax residency type was created in order to attract to Portugal high-skilled professionals and pensioners obtaining foreign income.
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.
Personal Income Tax – is a tax paid by Portuguese citizens domiciled in Portugal for their worldwide income. Non-residents of Portugal only pay this tax for their Portuguese sourced income. [11] [12] [13] Corporate Income Tax – is a tax applied to the income of companies operating in the territory of Portugal. [4] [14] [15] [16] [17]
The total Finnish income tax includes the income tax dependable on the net salary, employee unemployment payment, and employer unemployment payment. [ 18 ] [ 19 ] The tax rate increases very progressively rapidly at 13 ke/year (from 25% to 48%) and at 29 ke/year to 55% and eventually reaches 67% at 83 ke/year, while little decreases at 127 ke ...
The country passed a personal income tax law in 2007, effective 2009, removing citizenship as a criterion to determine residence. [ 171 ] In Iran, Iraq, North Korea, the Philippines and Saudi Arabia, citizenship is relevant for the taxation of residents but not for nonresidents.
Taxation in Portugal on Income of national Source Taxation in Portugal on Income from Foreign Source until 2020 Taxation in Portugal on Income from Foreign Source after 2020 Taxation In Portugal on Income from Blacklisted Jurisdictions; Pensions Up to 48% 0% 10% 10% Employment Income from High-Added Value Activities 20% 0% 0% 20% Employment Income
Prior to 2017, there were several exceptions for member countries. The most recent exception was Austria. Belgium decided to discontinue applying the transitional withholding tax in 2010 and exchange information afterwards. [4] In Luxembourg, clients could choose between exchange of information and withholding tax retention until 2015. [5]