15 February 2018
Income Tax in Namibia Personal Income Tax Namibia has a source-based tax system, which means that income from a source within Namibia or deemed to be within Namibia will be subject to tax in Namibia, unless a specific exemption is available. Tax Rate Taxable Income Tax on Column 1 Tax on excess (%) From To 0 50,000 0 0 50,001 100,000 0 18 100,001 300,000 9,000 25 300,001 500,000 59,000 28 500,001 800,000 115,000 30 800,001 1,500,000 205,000 32 1,500,000 429,000 37 Withholding taxes Withholding t...
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15 February 2018
Income Tax in Iran Tax on Individual income: There are five categories of income earned by individuals. Each category is taxed separately and has its own computational rules. · Salaries (tax rate for public sector employees: 10%; other sectors: 10-35%); · Income from professions, trades, and miscellaneous sources; · Incidental or windfall earnings; · Real estate income · Income derived from agriculture According to the Iranian direct tax rolls article no 84. all employees salary tax rate from th...
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14 February 2018
Income Tax in Portuguese Personal Income Tax: Tax Return: The Portuguese annual personal income tax return should be filed with the tax authorities, through the Internet, within 1 April to 31 May – regardless of the type of income received in the previous year. In the situations where the taxpayer is entitled to a tax credit in Portugal (to eliminate international double taxation) on the foreign source income received, and the information on the final tax due is not available within the previous...
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14 February 2018
Income Tax in Norway Personal Income Tax: Tax Return: The due date of return is 30th April and tax year is calendar. All individuals who are considered employees have to file a tax return by the end of April the year following the income year. A pre-filled return will be mailed to all taxpayers in the beginning of April. This return has to be checked, reviewed, and if necessary corrected by the taxpayer. The revised tax return has to be signed and returned to the tax authorities by 30 April. Whe...
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14 February 2018
Income Tax in Poland Personal Income Tax: Tax Return: The tax return is due on 30th April and calendar year is tax year. Poland operates a monthly tax payment system. The Polish tax system requires individuals to pay 11 monthly tax advances from foreign employment relationships, (expatriates included). The tax advance for December is declared at the time of lodging the annual tax return by 30 April of the following year. No tax declarations need to be filed during the tax year. The tax payment f...
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14 February 2018
Income Tax in Nepal Personal Income Tax For Residents: Natural Person Tax Banding Tax Rates Individual FY 2017-18 & 2016-17 FY 2015-16 (a) First Slab 350,000 1%* 250,000 1%* (b) Second Slab 100,000 15% 100,000 15% (c) Third Slab Up to 2,500,000 25% Up to 2,500,000 25% (d) Balance Exceeding Rs 2,500,000 > 2,500,000 35% > 2,500,000 35% Couple (a) First Slab 400,000 1%* 300,000 1%* (b) Second Slab 100,000 15% 100,000 15% (c) Third Slab 500,001 to 2,500,000 25% 400,001 to 2,500,000 25% (d) Balance E...
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14 February 2018
Income Tax in Romania Personal Income Tax: Tax Return: Annual tax returns are due by 25 May of each year for the previous year. In certain cases, such as for employment income derived from non-Romanian employers, tax returns are due on a monthly basis by the 25th day of each month for the previous month. The tax year is calendar year. Tax Rate: Romanian citizens domiciled in Romania are considered Romanian tax residents and are taxed on their worldwide income (except for salary income received f...
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14 February 2018
Income Tax in Qatar Personal Income Tax: Qatar operates a territorial taxation system, which means an individual should be taxable in Qatar if they have generated qualifying Qatar-source income, regardless of their tax residence. Income tax is not imposed on employed individuals' salaries, wages, and allowances. A self-employed individual may be subject to income tax if one derives income from sources in Qatar. Residency Rule: In the Qatar tax law, a natural person is defined as resident if one...
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14 February 2018
Income Tax in Saudi Arabia Personal Income Tax: There is no individual income tax scheme in Saudi Arabia. Income tax is not imposed on an individual's earnings if they are derived only from employment in Saudi Arabia. Non-employment income is taxed as an entity or permanent establishment (PE). A non-resident person with no PE who derives income from a source in Saudi Arabia is taxed based on the withholding tax (WHT) regulations. Residency Rule: An individual is considered a resident in Saudi Ar...
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14 February 2018
Income Tax in Serbia Personal Income Tax Serbia: Tax Return: The annual tax return should be filed not later than 15 May of the following year. Starting from 1 April 2015 only electronic submission is allowed. Tax year is calendar year. Residency Rule: An individual is deemed to be a resident of Serbia if he/she has a permanent home or center of business and vital interests in Serbia or if he/she stays in Serbia permanently or in intervals at least 183 days during the period of 12 months beginni...
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