12 February 2018
Income Tax in Tanzania Personal Income Tax: Tax Return: An individual is required to file a return of income with the Commissioner no later than six months after the end of each year of income. The Commissioner may extend the due date for filing a return of income upon an application by the person in writing and on such terms and conditions as the Commissioner considers appropriate. Under the presumptive system an individual is not obliged to file any return of income but instead can pay by inst...
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12 February 2018
Income Tax in Turkmenistan Personal Income Tax: Tax Rates: The residents of Turkmenistan are generally taxed on all of their income whether earned in Turkmenistan or outside including in-kind benefits such as meals, housing, relocation, etc. Non-residents are taxed only on income derived from Turkmenistan. Personal income tax (PIT) is generally levied by withholding at source when the payment is made by withholding agents (i.e. resident legal entities, individual entrepreneurs, and permanent est...
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12 February 2018
Income Tax in United Arab Emirates Personal Income Tax: There is no personal income tax in United Arab Emirates. Corporate Income Tax: Tax Rate: Corporate tax (exception of oil and gas companies and subsidiaries of foreign banks) 0%. There are no taxes levied by the Federal Government on income or wealth of companies and individuals. Tax applicable for all companies: the duty deducted by the municipality in each Emirate at the time of issuance or renewal of a trade licence. 10% of the annual amo...
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12 February 2018
Income Tax in Uganda Personal Income Tax: Tax Return: The taxable persons are required file their return upto 31st December and the tax year ends on 30th June. Tax Rate: For Residents Annual Income Tax From To 0 2,820,000 Nil 2,820,001 4,020,000 10% 4,020,001 4,920,000 120,000 + 20% of amount exceeding 4020001 Above 4920000 300,000 + 30% of the amount exceeding 4920000 Where the chargeable income of an individual exceeds 120,000,000 an additional 10% on the amount exceeding Ushs 120,000,000 per...
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12 February 2018
Income Tax in Ukraine Personal Income Tax: Tax Return: The standard annual filing deadline is 30 April of the year following the reporting year. It may be extended to 31 December based on an application from the taxpayer if the documents for a foreign tax credit need to be obtained from a foreign jurisdiction. If an individual plans to leave Ukraine to live in another country, he/she must submit a ‘departure tax declaration’ no less than 60 days prior to his/her departure and settle the tax due...
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12 February 2018
Income Tax in United Kingdom Personal Income Tax: Tax Return: If an individual meets the requirements to report his/her income to HMRC, they are required to notify HMRC of this by 5 October following the relevant tax year end. The deadlines for tax returns to be submitted to HMRC are as follows: · 31 October, if a paper return is filed (whether or not the taxpayer wishes HMRC to calculate the liability); and, · 31 January, if the return is filed online (the liability is then calculated automatic...
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12 February 2018
Income Tax in Gibraltar Taxes on personal income: Income tax is charged on income accruing in or derived from Gibraltar. The 'accrued in and derived from' principle is softened for individuals who carry out activities in Gibraltar for a period of less than 30 days in aggregate during the year of assessment, so that such individuals will be reimbursed for taxes paid on the income from their activities in Gibraltar. Income tax is also charged on certain income accruing in, derived from, or receive...
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10 February 2018
Income Tax in Uruguay Personal Income Tax: Individual income tax is levied on income obtained by resident and non-resident individuals. The source principle for levying taxes includes income derived from activities developed in, property located in, or rights economically used within the Uruguayan territory. However, there are specific cases where (under certain conditions) income generated outside Uruguay is subject to tax. Income tax on resident individuals (IRPF): IRPF was broadened by the Na...
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10 February 2018
Income Tax in Uzbekistan Both residents and non-residents are subject to tax in Uzbekistan. Residents are taxed on their worldwide income; non-residents are taxed on income from sources in Uzbekistan. Personal income tax rates The personal income tax (PIT) rates are as follows: Taxable Income Tax Rate (%) Up to 1 time the minimum annual wage 0 From 1 to 5 times the minimum annual wage 7.5 From 5 to 10 times the minimum annual wage 17 More than 10 times the minimum annual wage 23 Personal income...
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10 February 2018
Income Tax in Yemen Arab Republic The two main tax laws in Yemen are the Income Tax Law 17 of 2010 and the General Sales Tax Law 19 of 2001. COMPANY TAX Yemen applies a worldwide basis of taxation for resident companies. A company is resident in Yemen if: · It is incorporated under the Yemeni law; · It has its head office, or is effectively managed, in Yemen; and, · The participation of the Yemeni state or any other state-owned legal person in the company exceeds 50% of the share capital. The st...
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