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Tax Rates Around the World
(Note: Only the underlined countries are currently ready)
| Country |
Income Tax |
VAT |
| Corporate |
Individual |
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(Last partial update, September 1, 2009 )
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.
Tax News and Updates
- Israel Three New DTAs
On 1.1.2010 three new double taxation agreements entered into force. The agreements are with Vietnam, Estonia and Taiwan .February 2010.
- Taiwan Israel Double Taxation Treaty
The double taxation treaty between the two countries entered into force on 1.1.2010.
According to the treaty there is a maximum 10% tax on dividends, interest and royalties. February 2010.
- Czech Republc Cyprus New DTA
The new double taxation treaty which was signed on 28/4/2009 entered into force on 1/1/2010. January 2010
- Malaysia Real Propery Gains Tax
From 1.1.2010 gains from sale of real estate held for less than five years is subject to 5% real property gains tax. January 2010
- Israel Tax Rates 2010
From 1.1.2010 there are new reduced income tax and V.A.T. rates in Israel. January 2010.
- Azerbaijan Reduced Profit Tax
From 1.1.2010 there is a new reduced 20% profit tax. January 2010.
- U.K. 17.5% V.A.T Rate
From 1.1.2010 the standard V.A.T. rate in the U.K. is 17.5%, compared to the previous 15% rate. January 2010.
- France Bank Bonuses Tax
France joins the U.K., planning to impose tax on bonuses paid by French banks to employees. December 2009.
- U.K. 2009 Pre Budget Report
The U.K. pre budget report includes some significant tax changes for next year. December 2009.
Tax Updates Archive
History of Taxation
Introduction
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...
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