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OECD New VAT Guidelines

November 2015
The OECD published on November 6, 2015 new guidelines relating to cross border VAT/GST transactions.
The new guidelines which ensure that the tax is paid in the country where the products are consumed were endorsed by more than 100 countries.


World Social Security Rates

August 2012
Social security contributions by employers and employees worldwide are aimed to ensure social services by the social security authorities.
These services generally include pension and various kinds of insurance including medical, old age ,survivors, unemployment, disability and maternity insurance.
Having preliminary knowledge of the social security rates in a foreign country are important for both the employer and the employee.
The employer can calculate the additional cost of social security added to the gross salary.
In certain countries the employer's share can reach about 50%.
The employee too can calculate in advance the rate of social security which would be withhold from his gross salary, in addition to income tax.
We have included worldwide social security rates in our tax chart.
To read more please visit www.worldwide-tax.com.







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