Shortcut to Countries
History of Taxation
Tax Rates Around the World - Comparison
Tax Withholding Rates
Embassies & Consulates
News - General & Economics
World Tax Administrations
World Travel and Tourism Guides
World Business Opportunities & B2B
World Stock Exchanges
Tax Rates Around the World 2014
(Note: Only the underlined countries are currently ready)
(Last partial update February 9, 2014)
1. In countries in which VAT is charged at a number of different rates, the rate in the table is the highest rate.
2. The rates in the Table do not include Local tax, if it exists.
3. Social security rates are the highest rates. Unlike income tax social security contributions are generally imposed on income up to a ceiling.
Tax and Business News 2014
Tax Updates Archive
- U.K GDP Growth
According to the release of the office for national statistics on March 28, 2014 the British economy grew in 2013 by 1.7% compared to 2012. The growth rate is lower than the previous estimates. March 2014.
- Israel Credit Rating
The rating agency S&P's reaffirmed on March 28,2014 Israel's A+ credit rating with a stable outlook. March 2014.
- U.K. 2014 Budget
The 2014 budget which was delivered on March 19, 2014 includes a decrease of the corporate income tax rate to 21% starting April 1, 2014. March 2014.
- Russia Credit Rating Downgrade
The credit rating agency Fitch downgraded on March 21, 2014 Russia's economic outlook. A similar downgrade was released by S&P's earlier reflecting worries about the effect of the sanctions imposed on Russia. March 2014.
- Singapore Poland Tax Treaty
The 2012 double tax treaty, DTA, which was signed by the two countries entered into force on February 6, 2014, The double tax treaty will apply starting January 1, 2015.
- Malta India Tax Treaty
The 2013 double tax treaty between the two countries entered into force on February 7, 2014. The treaty will apply in India starting April 1, 2014 and in Malta starting January 1, 2015. March 2014.
- Peru Mexico Tax Treaty
The 2011 double tax treaty signed by the two countries entered into force on February 19, 2014 .The tax treaty will apply in both countries starting January 1, 2015 . March 2014.
- Slovakia Tax Update
The Slovakian corporate income tax rate was reduced starting 1.1.2014 from the previous 23% rate down to 22%. Tax losses are carried forward only for a four years period compared to the previous seven years period. February 2014.
- Albania U.K. Tax Treaty
The double tax treaty which was signed by the two countries in 2013 entered into force on December 30, 2013.The tax treaty applies in Albania starting 1.1.2014 and in the U.K. starting 1.4.2014. February 2014.
- Oman Japan Tax Treaty
Oman and Japan signed on January 9, 2014 a double tax treaty. The tax treaty includes reduced tax withholding rates for payments of dividend, interest and royalties. February 2014.
- India Algeria Tax Treaty
The double tax treaty, DTA, which was signed by both countries in 2013 entered into force on December 4, 2013 and applies in Algeria starting January 1, 2014. February 2014.
- Hong Kong Qatar Tax Treaty
The double tax treaty, DTA, which was signed in 2013 entered into force on December 5, 2013 applying in Qatar starting January 1, 2014. February 2014.
- China Belgium Tax Treaty
The double tax treaty which was signed by both countries in 2009 entered into force on January 4, 2014. February 2014.
- Ukraine Credit Rating Downgrade
The credit rating agency Moody's downgraded on January 31, 2014 Ukraine's government bond rating from Caa1 to Caa2 with a negative outlook. February 2014.
- France VAT Increase
Starting January 1, 2014 the new standard VAT rate in France is 20% compared to the previous 19.6% rate. The new reduced VAT rate is 10% compared to the previous 7% rate. February 2014.
- World 2014 Growth Forecast
According to the world bank estimate the world growth rate in 2014 will reach 3.2% compared to 2.4% in 2013. January 2014.
- Denmark Corporate Income Tax
Starting January 1, 2014 the new corporate income tax rate in Denmark is 24.5% compared to the previous 25% rate. January 2014.
- Ukraine Taxes 2014
Starting January 1, 2014 the corporate income tax rate is reduced from the previous 19% rate down to 18%. The new standard VAT rate is 17% compared to the previous 20% rate. January 2014.
- Vietnam Corporate Income Tax Rate
The corporate income tax rate in Vietnam was reduced on January 1, 2014 from the previous 25% rate to 22%. January 2014.
- France Unemployment Rate
The French unemployment rate rose 0.5% in November 2013 reaching 3,293,000 unemployed people. January 2014.
- Latvia Euro Adoption
Latvia adopted on January 1, 2014 the euro as its official currency. Latvia is now the 18th eurozone member. January 2014.
History of Taxation
Tax has an extremely long-established history. The ancient Egyptians appointed Tax Masters who increased the burden on the Children of Israel - slaves under Egyptian domination. As a general rule, tax is the source that is best exploited by government. It is imposed on individuals and companies to finance services that the State is obligated to provide and to meet its goals....More info
The following pages attempt to give a brief summary of the principles of double entry bookkeeping. After reading the material you will find that the "bogey" is not that bad.
The Development of Bookkeeping.
In each area of life, techniques are developed and inventions made to answer the problems that arise therein. Thus, for example, the invention of the "airplane" provided an answer to the problem of reducing travel time between distant cities. The discovery of "canned foods" on the other hand gave an answer to the need to keep food fresh for long periods. This is similar to what happened with bookkeeping, in that it answered the severe problems that arose in managing modern commerce. More info...