Taxes in Europe

Taxes in Europe

Knowledge of taxes is no longer the fact of nature but is a necessity. Indeed, for not knowing how to pay - pay very seriously. We know that we have, and are presented in a friendly manner. VAT, CIT, ETS, tax havens. These are areas of knowledge needed for everyday use. We are committed to due diligence and separating the wheat from the chaff knowledge of laws and regulations. We write about corporate tax or VAT, news of the European Court of Justice (ECJ) set us apart solid, substantive framework. Tax havens are waiting for you. We invite you to read.

The lowest rate of labor taxation is characterized by such countries as Great Britain, Ireland, Malta and Cyprus. In these countries, the employee will pay for less than 30 percent of their total remuneration. At the other extreme in terms of taxation are Italy, Sweden and Belgium, where taxes and insurance premiums account for more than 40 percent of the employee's remuneration.

Most European countries apply progressive taxation, where tax rates are dependent on income. Growing in popularity - particularly in Central and Eastern Europe - is gaining a flat tax, which is the same regardless of earned wages. In the former Eastern bloc countries podatkowu progressive rate is only valid in Poland, Slovenia and Hungary. Across Europe since the mid-nineties there is a trend towards reducing the number of thresholds and reducing disparities between the highest and lowest tax rates.

Income tax from individuals are not the main component of non-wage labor costs. The largest salary burden of social security contributions and health. Exceptions to this rule are the United Kingdom, Ireland, Cyprus, Malta and Denmark. High costs were borne by the people of France, Germany and the countries of Central and Eastern Europe - mainly from the current flat tax. Work overhead in the form of insurance premiums in the Czech Republic, Slovakia, Romania and Estonia constitute more than 30 percent of total salary.

Tax matters in the EU, nothing is sacred. The pinch of the Commission outside the Vatican, especially the classic tax havens like Switzerland and Jersey. However, the governments of these countries reject the attacks. His strategy: rather than tempt the bank secrecy of tax cheats, low taxes encourage honest savers. The pillory, tax havens clearly decreased fiscal requirements, as well as from developing countries in Eastern Europe are becoming a powerhouse of international tax competitiveness.

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