Tax rates in Pardes: Difference between revisions
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Latest revision as of 19:43, 18 March 2019
This is a list of tax rates in Pardes. Comparison of tax rates around the region is often quite difficult and is partially subjective. Tax laws in most nations are extremely complex, and tax burden falls differently on different groups in each nation and sub-national unit. This list attempts to create a forum for which differing tax structures can be compared across nations in Pardes.
No national or local tax
No national tax, local taxes may exist
National flat tax
National progressive or regressive tax
Country/Region | Income | Corporate | Sales | VAT | Payroll | Property | Withholding | Gift | Inheritance | Wealth | Capital Gains | Financial Transaction | Poll |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Anikatia | 6% - 30% (national) | 10% - 20% (national)1 | N/A | 10%2 | N/A | 0.5% - 4% | 2.8% (national) | 10% (national) | N/A | N/A | 0% - 1.5% (national) | 0% - 0.45% (national) | N/A |
0% - 11.5% (provincial)1 | 0% - 3.5% (provincial)3 | N/A | 3.5% - 6% | 0.5% - 4% | N/A | N/A | N/A | ||||||
Since the collapse of the DSRA a number of special economic zone have been establish by the new more conservative government to improve global competitiveness. The government provides a variety of tax benefits for foreign firms and foreigners, as well as a simpler regulatory regime, tax reductions, estate support, a favorable living environment and swift administrative services. Under this scheme , foreign businesses and investors who make advanced technology in Anikatia are eligible for exemption from individual and corporate income taxes for the first seven years, and a 50% reduction for each of the next three years. In addition, foreign businesses and investors are granted exemption from a number of local taxes such as Acquisition Tax, Property Tax, and Registration Tax for a minimum of five years, and 50% reduction in the next three years. Imported capital goods are eligible for full or partial exemption from customs duty, individual consumption tax, and value added tax (VAT). In addition a number of special economic zones were created where there are no taxes are levied on corporate and individual income for up to 5 years. The regional government will no impose an acquisition tax over 15 years and no property tax over 10 years. After 10 years of operation without any property tax levied, the business entities are imposed only 65% of the property taxes for two years. The period of corporate and individual income tax levied by the national government varies by the size and the types of the business moving into the area. 1. Exclusions for businesses within Special Economic Zones. There are also Tax incentives to promote research and development for high value-added service industries have been made eligible for tax credits and exemptions, which are normally given to manufacturing companies. Expenditures on research for the millennium bug have also been made eligible for tax credits and exemptions. 2. Exclusions for basic essential items - groceries, water, prescription medications, medical equipment and supplies, public transport, children clothing, certain books and publications. 3. Limited to certain autonomous and special administrative regions. | |||||||||||||
Tarsas | 4% | 8% | 4.6% - 10.5% | N/A | N/A | 5% - 12% | 4% - 8% | N/A | N/A | 2% | N/A | 0.04% - 0.10% | 10% |