14 February 2018
Income Tax in South Africa Personal Income Tax: South African residents are taxed on their worldwide income. Credit is granted in South Africa for foreign taxes paid. Non-residents are taxed on their South African sourced income. The same rates of tax are applicable to both residents and non-residents. Progressive tax rates apply for individuals. The rates for the tax year commencing on 1 March 2017 and ending on 28 February 2018 are as follows: Personal income tax rates: Income (ZAR) Tax on col...
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14 February 2018
Income Tax in Slovenia Personal Income Tax Tax Return 31 July. From 2008 on, the tax authorities are obliged to generate an annual tax assessment from their own information, to assess the tax and submit the assessment to the taxpayer. If the tax assessment has not been submitted to the taxpayer by 15 June of the current year, the taxpayer is obliged to file an annual income tax return for the previous year by the end of July of the current year. The tax liability of the taxpayer will be calculat...
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14 February 2018
Income Tax in Iceland Resident individuals are fully liable for tax payments in Iceland on their worldwide income. Non-resident individuals staying temporarily in Iceland, who derive income from employment during their stay, are subject to national income tax on such income. They are also subject to municipal income tax in the same manner as residents. Other non-resident individuals are subject to national income tax and municipal income tax on their income from Iceland. Non-residents are allowe...
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13 February 2018
Income Tax in Sudan Tax Return: The tax year ends on 31st December and the return shall be filed upto 30th June of the following year. In case of late filling of return penalty shall be levied as per the provisions of Sudan’s tax regulations. Individual Tax Rate: Both resident and nonresident are taxed at marginal tax rate of 15%. However resident individuals are taxed on their world wide income and nonresidents are taxed on income that is earned in Sudan. Withholding Tax: There is no withholdin...
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13 February 2018
Income Tax in Spain Personal Income Tax: Tax Return: The due date for filing the tax return and making a payment for tax residents and individuals taxed under the special expatriate regime is normally from 6 April to 30 June of each year for the income obtained in the previous year. Specific filing deadlines apply to non-residents and, as a general rule, non-residents must report income and pay taxes on a quarterly basis (First 20 days of April, July, October and January for that income the accr...
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13 February 2018
Income Tax in Switzerland Personal Income Tax: Over View Either a progressive or proportional income tax is levied by the Confederation and by the cantons on the income of natural persons. The income tax is imposed as a payroll tax on foreign workers without a residence permit, and in the form of a withholding tax on certain transient persons, such as foreign musicians performing in Switzerland. Taxable income includes all funds accruing to a person from all sources, in principle without deducti...
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13 February 2018
Income Tax in Sweden Personal Income Tax: Tax Return: Individual tax returns must be filed no later than 2nd May of the year following the income year (calendar year). Extension until 31st May be possible. The calendar year is tax year. Tax Rates: For Resident: Income tax table for 2017 – Employment income and Business income. Municipal Income Tax on Earned Income and Business income. Levied with 32.12 % (average rate) on total of taxable income. National Income Tax on Earned Income and business...
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13 February 2018
Income Tax in Syria Corporate taxation: Residence – An entity whose principal activities are administered through Syria, an entity that adopts Syria as its headquarters and branches or offices of foreign companies that operate in Syria are considered resident for tax purposes. Basis – An entity is liable for tax on income arising from Syrian sources or activities, regardless of residence status. Income derived from non-Syrian sources or activities is not taxable in Syria. Taxable income – Income...
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13 February 2018
Income Tax in Hungary Taxes on personal income: Hungarian personal income tax (PIT) is assessed on the following: · Domestic-source income. · Foreign-source income, provided the individual is resident in Hungary. Income derived from employment activity performed in Hungary can qualify as domestic-source income, even if it is paid from abroad. In the case of income paid from abroad, income tax can be due whether or not the income has been transferred (e.g. electronically, by bank-to-bank transfer...
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12 February 2018
Income Tax in Guernsey Taxes on personal income: ‘Principally resident’ and ‘solely resident’ individuals are both liable to Guernsey income tax on their worldwide income. ‘Resident only’ individuals are either taxed on their worldwide income or alternatively taxed on Guernsey-source income and can opt to pay a set charge of GBP 30,000 in respect of non-Guernsey source income and no additional liability will arise on this income in Guernsey. Personal income tax rates: Tax is payable at the rate...
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