How do lump sum tax regimes work in Europe? 3
I'd like to quote the correct answer from the discussion. The EUROPEAN UNION and several other countries in Europe and elsewhere (LOOSE countries), have adopted quite special tax systems called lump sum taxation. Below are examples of the countries that these lumpsum systems are found. Lets go through them one by one. All the member states voted ‘yes’ to the package proposal which include the proposal of lump sum taxation.
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In Europe, there are lump sum tax regimes which allow foreigners to pay a flat tax yearly regardless of how much they actually earn. It is for a fixed period of years or it can be indefinite as well. Poland, Greece, Italy, and Switzerland are some of the countries that offer such regimes, but with different requirements and rates for taxation.
Hello from Bulgaria!;)
In addition to the 10% corporate income tax, when you “look what is beyond the headline tax rate”, just like you said, Mr. Henderson, we can see that in Bulgaria there is also a corporate tax of 5% for giving dividents. So the actual tax is 14.5%. :) ✌
Very generic info. Just enough to encourage to pay for services of NC.