Worldwide Personal Tax Guide PDF
Preview Worldwide Personal Tax Guide
Worldwide Personal Tax Guide Income tax, social security and immigration 2014–15 Preface Governments worldwide continue to reform their tax codes at a historically rapid rate. Taxpayers need a current guide, such as the Worldwide Personal Tax Guide, in such a shifting tax land- scape, especially if they are contemplating new markets. The content is straightforward. Chapter by chapter, from Afghanistan to Zimbabwe, we summarize personal tax systems and immigration rules in 162 jurisdictions. The content is current on 1 July 2014, with exceptions noted. Each chapter begins with EY’s in-country executive and immi- gration contact information, and some jurisdictions add contacts from our Private Client Services practice. Then we lay out the essential facts about the jurisdiction’s personal taxes. We start with the personal income tax, explaining who is liable for tax and, at some length, what types of income are considered taxable and which rates, deductions and credits apply. A section on other taxes varies by jurisdiction but often includes estate, inheritance, gift and real estate taxes. A social security section covers pay- ments for publicly provided health, pensions and other social benefits, followed by sections on tax filing and payment proce- dures as well as double tax relief and tax treaties. The immigra- tion sections provide information on temporary visas, work visas and permits, residence visas and permits, and family and per- sonal considerations. At the back of the guide, you will find a list of the names and symbols for all national currencies and a list of contacts for other jurisdictions. For many years, the Worldwide Personal Tax Guide was joined by two companion guides on broad-based taxes: the Worldwide Corporate Tax Guide and the Worldwide VAT, GST and Sales Tax Guide. In recent years, those three have been joined by addi- tional tax guides on more specialized topics, including the International Estate and Inheritance Tax Guide, the Transfer Pricing Global Reference Guide, the Global Oil and Gas Tax Guide, the Worldwide R&D Incentives Reference Guide and the Worldwide Cloud Computing Tax Guide. Each of the guides represents thousands of hours of tax research. They are available free online along with timely Global Tax Alerts and other great publications on ey.com or in our EY Global Tax Guides app for tablets. Please contact us if you need more copies of the Worldwide Personal Tax Guide. Keep up with the latest updates at ey.com/ GlobalTaxGuides, and find out more about the app at ey.com/ TaxGuidesApp. EY September 2014 This material has been prepared for general informational pur- poses only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. About EY’s Tax services Your business will only succeed if you build it on strong founda- tions and grow it in a sustainable way. At EY, we believe that managing your tax obligations responsibly and proactively can make a critical difference. So our 38,000 talented tax profession- als in more than 140 countries give you technical knowledge, business experience, consistency and an unwavering commitment to quality service — wherever you are and whatever tax services you need. © 2014 EYGM Limited. All Rights Reserved. Contents EY Global Tax contacts .............................................................. 1 Afghanistan ................................................................................. 3 Albania ...................................................................................... 10 Algeria ....................................................................................... 18 Angola ....................................................................................... 25 Anguilla (Contacts for other jurisdictions chapter) .............. 1455 Antigua and Barbuda (Contacts for other jurisdictions chapter) ........................................................... 1455 Argentina ................................................................................... 29 Armenia .................................................................................... 38 Aruba ........................................................................................ 49 Australia .................................................................................... 54 Austria (European Union member state) .................................. 68 Azerbaijan ................................................................................. 81 Bahamas .................................................................................... 86 Bahrain ...................................................................................... 90 Bangladesh (Contacts for other jurisdictions chapter) ......... 1455 Barbados ................................................................................... 93 Belarus .................................................................................... 102 Belgium (European Union member state) .............................. 113 Bermuda .................................................................................. 126 Bolivia ..................................................................................... 136 Bonaire, Sint Eustatius and Saba (BES-Islands) .................... 141 Bosnia and Herzegovina (Contacts for other jurisdictions chapter) ........................................................... 1455 Botswana ................................................................................. 146 Brazil ....................................................................................... 153 British Virgin Islands .............................................................. 164 Brunei Darussalam.................................................................. 168 Burkina Faso (Contacts for other jurisdictions chapter) ....... 1455 Bulgaria (European Union member state) .............................. 171 Cambodia ................................................................................ 181 Cameroon ................................................................................ 188 Canada ..................................................................................... 196 Cayman Islands ....................................................................... 218 Chad ........................................................................................ 226 Chile ........................................................................................ 233 China ....................................................................................... 241 Colombia ................................................................................. 255 Congo, Democratic Republic of ............................................. 265 Congo, Republic of ................................................................. 269 Costa Rica ............................................................................... 276 Côte d’Ivoire ........................................................................... 280 Croatia (European Union member state) ................................ 290 Curaçao ................................................................................... 297 Cyprus (European Union member state) ................................ 306 Czech Republic (European Union member state) .................. 312 Denmark (European Union member state) ............................. 323 Dominica (Contacts for other jurisdictions chapter) ............ 1455 Dominican Republic ............................................................... 332 Ecuador ................................................................................... 336 Egypt ....................................................................................... 342 El Salvador .............................................................................. 350 Equatorial Guinea ................................................................... 356 Estonia (European Union member state) ................................ 362 Ethiopia ................................................................................... 381 Faroe Islands (Contacts for other jurisdictions chapter) ....... 1455 Fiji ........................................................................................... 388 Finland (European Union member state) ................................ 394 France (European Union member state) ................................. 403 Gabon ...................................................................................... 424 Georgia .................................................................................... 430 Germany (European Union member state) ............................. 443 Ghana ...................................................................................... 465 Gibraltar .................................................................................. 471 Greece (European Union member state) ................................ 485 Greenland (Contacts for other jurisdictions chapter) ........... 1455 Grenada (Contacts for other jurisdictions chapter) .............. 1455 Guam ....................................................................................... 497 Guatemala ............................................................................... 504 Guernsey, Channel Islands ...................................................... 510 Guinea ..................................................................................... 518 Guyana (Contacts for other jurisdictions chapter)................ 1455 Honduras ................................................................................. 523 Hong Kong Special Administrative Region (SAR) of China ...................................................................... 526 Hungary (European Union member state) .............................. 537 Iceland ..................................................................................... 548 India ........................................................................................ 557 Indonesia ................................................................................. 577 Iraq .......................................................................................... 589 Ireland, Republic of (European Union member state) ............ 592 Isle of Man .............................................................................. 613 Israel ........................................................................................ 621 Italy (European Union member state) .................................... 636 Jamaica .................................................................................... 650 Japan ....................................................................................... 657 Jersey, Channel Islands ........................................................... 670 Jordan ...................................................................................... 680 Kazakhstan .............................................................................. 684 Kenya ...................................................................................... 693 Korea (South) .......................................................................... 702 Kosovo..................................................................................... 721 Kuwait ..................................................................................... 731 Kyrgyzstan (Contacts for other jurisdictions chapter) .......... 1455 Laos ......................................................................................... 736 Latvia (European Union member state) ................................. 741 Lebanon ................................................................................... 750 Lesotho .................................................................................... 756 Liberia (Contacts for other jurisdictions chapter) ................ 1455 Libya ....................................................................................... 760 Liechtenstein ........................................................................... 764 Lithuania (European Union member state) ............................ 768 Luxembourg (European Union member state) ....................... 776 Macau Special Administrative Region (SAR) of China ......... 791 Macedonia, Former Yugoslav Republic of .............................. 799 Madagascar ............................................................................. 805 Malawi .................................................................................... 808 Malaysia .................................................................................. 815 Maldives .................................................................................. 829 Mali (Contacts for other jurisdictions chapter) .................... 1455 Malta (European Union member state) .................................. 830 Marshall Islands (Contacts for other jurisdictions chapter) ........................................................... 1455 Mauritania ............................................................................... 849 Mauritius ................................................................................. 854 Mexico .................................................................................... 862 Micronesia (Contacts for other jurisdictions chapter) .......... 1455 Moldova .................................................................................. 874 Monaco (Contacts for other jurisdictions chapter) ............... 1455 Mongolia ................................................................................. 880 Montenegro, Republic of ........................................................ 886 Montserrat (Contacts for other jurisdictions chapter) .......... 1455 Morocco .................................................................................. 890 Mozambique ........................................................................... 898 Myanmar ................................................................................. 903 Namibia ................................................................................... 908 Netherlands (European Union member state) ........................ 916 New Zealand ........................................................................... 936 Nicaragua ................................................................................ 950 Niger (Contacts for other jurisdictions chapter) ................... 1455 Nigeria ..................................................................................... 954 Northern Mariana Islands, Commonwealth of the ................. 963 Norway .................................................................................... 971 Oman ....................................................................................... 981 Pakistan ................................................................................... 986 Palau (Contacts for other jurisdictions chapter) ................... 1455 Palestinian Authority ............................................................. 1002 Panama .................................................................................. 1006 Papua New Guinea ................................................................ 1013 Paraguay ................................................................................ 1019 Peru ....................................................................................... 1023 Philippines............................................................................. 1032 Poland (European Union member state) ............................... 1055 Portugal (European Union member state) ............................ 1063 Puerto Rico ........................................................................... 1074 Qatar ...................................................................................... 1084 Romania (European Union member state) ........................... 1088 Russian Federation ................................................................ 1095 Rwanda.................................................................................. 1107 St. Kitts and Nevis (Contacts for other jurisdictions chapter) ........................................................... 1455 St. Lucia ................................................................................ 1111 St. Vincent and the Grenadines (Contacts for other jurisdictions chapter) ............................ 1455 Saudi Arabia .......................................................................... 1116 Senegal .................................................................................. 1123 Serbia, Republic of ............................................................... 1129 Seychelles ............................................................................. 1135 Singapore .............................................................................. 1138 Sint Maarten .......................................................................... 1150 Slovak Republic (European Union member state) ............... 1158 Slovenia (European Union member state) ............................ 1166 South Africa .......................................................................... 1177 South Sudan .......................................................................... 1190 Spain (European Union member state) ................................. 1194 Sri Lanka ............................................................................... 1214 Suriname ............................................................................... 1227 Swaziland .............................................................................. 1232 Sweden (European Union member state) ............................. 1237 Switzerland ........................................................................... 1247 Taiwan ................................................................................... 1260 Tajikistan (Contacts for other jurisdictions chapter) ............ 1455 Tanzania ................................................................................ 1276 Thailand ................................................................................ 1284 Timor-Leste (formerly East Timor) (Contacts for other jurisdictions chapter) ........................................................... 1455 Trinidad and Tobago ............................................................. 1290 Tunisia ................................................................................... 1299 Turkey ................................................................................... 1304 Turkmenistan ......................................................................... 1314 Uganda .................................................................................. 1320 Ukraine .................................................................................. 1327 United Arab Emirates ........................................................... 1337 United Kingdom (European Union member state) ............... 1340 United States ......................................................................... 1375 US Virgin Islands .................................................................. 1408 Uruguay ................................................................................. 1414 Uzbekistan ............................................................................. 1419 Venezuela .............................................................................. 1425 Vietnam ................................................................................. 1431 Yemen (Contacts for other jurisdictions chapter) ................. 1455 Zambia .................................................................................. 1442 Zimbabwe .............................................................................. 1446 Contacts for other jurisdictions ............................................. 1455 Foreign currencies ................................................................. 1457 1 EY Global Tax contacts London GMT EY Global +44 (20) 7980-0000 Becket House Fax: +44 (20) 7980-0275 (Tax) 1 Lambeth Palace Road London SE1 7EU England EY Global Tax Jay Nibbe +44 (20) 7951-7503 Global Vice Chairman — Tax Mobile: +44 7771-576-417 Fax: +44 (20) 7951-9308 Email:
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