7 February 2018
Income Tax in Belgium Taxes on personal income: Belgium taxes its residents on their worldwide income, irrespective of their nationality. Residents of Belgium are taxable on their worldwide income, while non-residents are only taxable on Belgian-source income. Personal income tax (PIT) is calculated by determining the tax base and assessing the tax due on that base. Taxation is charged on a sliding scale to successive portions of net taxable income. For income year 2017, the federal tax rates ra...
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7 February 2018
Income Tax in Belarus Income Tax on Individual Personal Individuals who are considered to be Belarus tax residents under applicable tax rules have personal income tax (PIT) liability on their income sourced from Belarus and abroad (i.e. worldwide income). Those who are considered as non-tax residents of Belarus are taxed on income derived from Belarus sources. Tax Rates Generally, any individual income derived from Belarus and foreign sources is taxed at a flat rate of 13%. Employment-related in...
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7 February 2018
Income Tax in Argentina Individual - Taxes on personal income: Individuals resident in Argentina are taxable on worldwide income and may obtain a foreign tax credit for taxes paid on income from foreign sources. Non-residents and foreign beneficiaries are only taxable on their Argentine-source income. Residents and non-residents are taxed at progressive income tax rates ranging from 5% to 35%, however special tax rates are of application in case of gains derived from securities (including divide...
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7 February 2018
Income Tax in Bahrain Personal Tax There is no personal income tax (PIT) regime in Bahrain. However, individuals employed by a natural person or a legal entity or an enterprise in the Kingdom of Bahrain are subject to contributions to the Social Insurance Organisation (SIO) rules in Bahrain. Social Insurance applies to every person who is employed in Bahrain. The employer contribution is calculated at the following rates (on the employees’ monthly salaries): · 12% for Bahraini workers. · 3% for...
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7 February 2018
Income Tax in Armenia Income Tax of Individuals Compliance for Residents Employers are required to calculate income tax on a monthly basis from their employees’ salaries and transfer these amounts to the state budget, no later than the 20th day of the month following the month of calculation. Taxpayers (namely who were engaged in business activities) have to file an Annual Income Calculation of business income and expenses by 15 April in the following year. Taxpayers in business activities are r...
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7 February 2018
Income Tax in Albania Taxes on personal income: Individual taxpayers, both residents and non-residents, are subject to personal income tax (PIT). Albanian law applies the principle of worldwide taxation. Resident individuals are taxed on all sources of income in and outside the territory of Albania, while non-resident individuals are taxed on income generated only in the territory of Albania. Personal income tax rates: The minimum monthly salary in Albania for PIT is ALL 24,000. The following ta...
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6 February 2018
Income Tax in Afghanistan A tax is imposed on the income from Afghan sources of all persons, corporations, limited liability companies, and other legal entities whether in Afghanistan or abroad, and on the foreign income of residents of Afghanistan in accordance with provisions of this Law. Resident Rules: A natural or legal person is considered a resident of Afghanistan if: (1) The person has his or her principal home in Afghanistan at any time during the fiscal year; or (2) The person is prese...
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6 February 2018
Income Tax in Cambodia Personal Income Tax Residence rules: An individual is considered a tax resident, if: · the individual is domiciled in Cambodia · the individual has a principal place of abode in Cambodia or · the individual is present in Cambodia for more than 182 days during the 12-month period ending in the current tax year. A non-resident is any person who is not a resident. Tax Rate: Income (KHR) Tax Rate(%) Up to 500,000 0 From 500,001 to 1,250,000 5 From 1,250,001 to 8,500,000 10 Fro...
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6 February 2018
Income Tax in Fiji Personal Income Tax Residence Rules: For tax purposes, an individual is considered a resident if he/she actually resides in Fiji, or: · whose domicile is in Fiji, unless the tax authorities are satisfied that his/her permanent place of abode is outside of Fiji or · who has been in Fiji either continuously or intermittently for more than one-half of the income year, unless the tax authorities are satisfied that his/her usual place of abode is located outside of Fiji and that th...
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6 February 2018
Income Tax in Austria Tax in Individuals Tax Returns due dates In general, income tax is assessed for the calendar year on the basis of an individual’s tax return, which should be filed by 30 April (if a paper version is filed) or 30 June (if filed electronically), respectively 30 September, in case salary is taxed via payroll (in certain cases), of the following year. An automatic extension up to 31 March of the next following year is granted if the individual is represented by a tax adviser. F...
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