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There exist a number of other important deductions in the municipal tax. Commuting exceeding 24 kilometres per day (15 mi/d) receives a DKK 1.98 per kilometre (DKK 3.19/mi) tax deduction. For most commutes exceeding 120 kilometres per day (75 mi/d), the rate is reduced to DKK 0.99 per kilometre (DKK 1.59/mi) above that threshold. [15]
Upon filing his tax return, the Greek beneficial owner is entitled to full credit, not only for the amount paid to Greece (EUR 131.25), but for the total "retention" tax levied under the EU-CH agreement (EUR 175). Therefore, if the Greek tax liability would be 500*0.10=50 and the credit would be EUR 175, the credit would cover 100% of the Greek ...
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
52% (capital gains tax 15%, standard income tax rate 10%, additional contributions by employee: 13% state pension fund, 6.5% state health fund, 0.5% unemployment fund; additional contributions by employer: 11% state pension fund, 6.5% state health fund, 0.5% unemployment; maximum contributions capped (amount changing monthly); additional tax ...
A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets or an entity's net worth. This includes the total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses , financial securities , and personal trusts (a ...
The euro money market develop out of the eurozone member states individual money markets after they adopted the Euro on the 1 January 1999. The European Central Bank sets the target rate for the eurozone which drives the overnight interest rate ( Euribor ) and interest rate swaps .
Denmark’s government on Thursday proposed imposing an average tax of 100 Danish krone ($14.35) on air travel to help finance a green transition of the airline industry that will enable all ...
EU VAT Tax Rates. The European Union value-added tax (or EU VAT) is a value added tax on goods and services within the European Union (EU). The EU's institutions do not collect the tax, but EU member states are each required to adopt in national legislation a value added tax that complies with the EU VAT code. Different rates of VAT apply in ...