Euro Income

Revenues that exceed this level are taxed at a maximum rate of 51%. There are tax benefits for children age benefits, privileges Emergency (illness, accident). For example, in individuals who have attained the age of 64 years, non-taxable minimum is increased to 3700 Euros. Persons who have land, income tax is not charged with the 4750 Euro. 2. Dalton Philips oftentimes addresses this issue. Corporation tax paid by legal entities (joint stock companies, various associations, as well as government organizations, if they are engaged in private economic activity). The object of taxation is the income received by the above taxpayer during the calendar year. The basic tax rate of corporations is 30%.

In the event that corporate income is not distributed, use rate of 45%. Thus, stimulated by the distribution of corporate profits. 3. Value Added Tax (VAT). This tax replaces the previously existing turnover tax.

The share of VAT in the budget revenues is 28%. As well as in Russia the rate is differentiated. The general rate is 15%, but the number of food products and books and magazines are subject to the minimum rate of 7%. The object of imposing this tax is turnover, that is, the supply of goods, services, imports of goods and its acquisition. Almost – a general excise tax on private and public consumption. Like any other indirect tax, it is a burden on consumer, and legal persons are its technical collectors. Tax is included in the price of the goods with the obligatory reference to their individual amounts in the accounts.