/Tag:tax rates

Inheritance Taxation in Bulgaria Extremely Low

Bulgarian citizens who inherit property worldwide and foreign individuals who inherit movable and immovable property located in Bulgaria are subject to Bulgarian inheritance tax. Inheritance taxation in Bulgaria is governed by Articles 29 to 43 of the Local Taxes and Fees Law. Who is paying inheritance tax? The following persons are subject to inheritance tax: (1) [...]

A report reveals the countries with lowest and highest rates of property transfer tax

The Australian accountancy association UHY Haines Norton has recently published a report indicating the countries with the highest and the lowest property transfer taxes. The association examined 26 countries, including G7 jurisdictions and the most prominent world emerging economies. The report estimates the property transfer tax rates applying to the purchase of a residential property that [...]

US NOT VERY TAX FRIENDLY…

According the Organization for Economic Cooperation and Development (OECD), the United States has the highest corporate income tax rate in the world. Corporate profits in the US are taxed at rather outrageous corporate tax rates, averagely 39,1%. Therefore, an increasing number of large American corporations, including Apple and Google, chose to relocate their businesses overseas to [...]

Free zone JAFZA expands significantly

Jebel Ali Free Zone (JAFZA) is one of the leading free trade zones in Dubai. JAFZA specializes in providing industrial and logistics solutions to businesses operating in the UAE and internationally. At present, JAFZA accommodates about 7.000 active companies, including a large number of companies that are added to the Fortune Global 500 (an annual ranking [...]

Taxation in Iran

The recent lifting of financial and economic sanctions against Iran opened new opportunities for businesses aiming at expanding in Iran, the second largest economy in the Middle East. Currently, the trade between the EU and Iran amounts to annual EUR 7,5 billion. However, due to the new trade opportunities, this amount is expected to grow four [...]

LITHUANIAN RESIDENCE IN EXCHANGE FOR INVESTMENT

Why Lithuania? Lithuania, one of the three Baltic countries, became an attractive destination for foreign business investors in the recent years. Due to the country’s key business advantages, such as convenient geographical location, low corporate tax rates, highly educated population, developed logistics, and labor costs that are four times lower than the EU average, an increasing [...]

What about Jersey?

The island of Jersey, one of the European tax havens, offers to its residents a 0% corporate tax and low personal income tax rates. In addition to a favorable tax regime, Jersey Island invites investors with a number of other financial benefits, including low social security payments, no stamp duty on equity transactions, and a straightforward [...]

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