Saturday, March 7, 2009

Austria Tax Rates 2009

The corporate income tax rate for 2009 is 25%.
Individuals are taxed at progressive rates of up to 50%.
Capital gain tax for companies is 25% too.
Tax withholding rates for payments to non-residents are 25% for dividends, 0% for interest and 20% for royalties.
The tax year is the calendar year.
The standard V.A.T. rate in Austria is 20% .
There is also a reduced V.A.T. rate of 10%.


(Source : www.worldwide-tax.com)

Sunday, February 15, 2009

Lithuania Tax Rates 2009

The corporate income tax rate for 2009 is 20% .
Individuals pay a flat 15% tax, 20% for dividend income.
Tax withholding rates for payments to non-residents are 20% for dividends, 10% for interest and royalties .
The tax year is the calendar year.
The standard V.A.T. rate in Lithuania is 19%.


(Source :www.worldwide-tax.com).

Monday, February 2, 2009

U.S. - France income tax treaty 2009

The U.S. and France signed on January 13, 2009 a protocol updating the current 1994 income tax treaty between the two countries.
The protocol has some significant changes to the current treaty, including, under certain terms, exemption from tax withholding of dividend and cross border royalty payments.
The protocol also rpovides for mandatory arbitration for cases not resolved by the two authorities within a specific period.
It also deals with preventing "treaty shopping", in case of inappropriate use of a tax treaty by third country residents.
For more details please see www.treas.gov.

(Source :www.worldwide-tax.com)

Friday, January 23, 2009

Poland Tax updates 2009

From 1.1.2009 the new personal income tax rates in Poland are 18% and 32%, replacing the 2008 rates of 19%-40%.
Poland corporate tax rate for 2009 is 19%, same as in 2008 .The standard V.A.T rate of 22% remains unchanged too.
There are some new V.A.T amendments.
The period for V.A.T. refund is shortened to 60 days instead of 180 days V.A.T. on bad debts lasting more than 180 days will be refunded to the seller by the tax authorities.
V.A.T payers can now report to the authorities on a quarterly basis, yet the payments are on a monthly basis.

(Source :www.worldwide-tax.com)

Monday, January 19, 2009

Israel Tax Rates 2009

From 1.1.2009 the new corporate tax rate in Israel is 26%, compared to 27% in 2008. The top marginal income tax rate for individuals is 46%, compared to 47% in 2008.
There are also new 6 tax brackets for individuals of 10%, 15%, 23%, 30%, 34% and 46%.
V.A.T rate for 2009 remains the same as in 2008, 15.5%.
In 2009 industries and hotels can deduct 50% accelerated deprection for assets bought between 1.6.2008 to 31.5.2009.
The scope of tax grants (negative income tax )covers in 2009 certain low earning employees and self employed.
There are also new tax benefits to newcomers and returning residents to Israel.

(Source :www.worldwide-tax.com)

Saturday, January 17, 2009

Taxation Lawyers

A new and a very interesting website dealing with international lawyers firm is up:
Lawyers firms.

You can check it.