Taxation of international executives
Are there social security/social insurance taxes in your country? If so, what are the rates for employers and employees?
Yes, the same are also withheld though the payroll.
|For year ending 30 September 2016|
|Medical and Maternity||5.50%||9.25%|
|Disability, Old Age, and Death Benefits||2.84%||5.08%|
|Family Welfare Programs||0.00%||5.00%|
|Workmen’s Savings Bank||1.00%||0.50%|
|INA - National Institute of Learning||0.00%||1.50%|
|IMAS - Institute of Social Welfare||0.00%||0.50%|
|Labor capitalization fund||0.00%||3.00%|
|INS- National Institute of Securities||0.00%||1.00%|
Are there any gift, wealth, estate, and/or inheritance taxes in your country?
Are there real estate taxes in your country?
Are there sales and/or value-added taxes in your country?
Sales Tax (13%). Only the list of items and services included in the General Sales Tax Law.
Are there unemployment taxes in your country?
Are there additional taxes in your country that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
Yes, depending on specific activities carried out by the assignee f.e. import and export of goods (customs taxs and excise tax applicable depending on the item), and also in regards to the registration of movable (just vehicles) and immovable property (stamp tax).
No. Just the explained contributions to the social security system.