Taxation of international executives.
Are there social security/social insurance taxes in your country? If so, what are the rates for employers and employees?
|Type of insurance||Paid by employer||Paid by employee||Total|
|National Social Security||10%||5%||15%|
Yes. Employers must take out worker’s compensation insurance for injuries suffered by employees at work.
Are there any gift, wealth, estate, and/or inheritance taxes in your country?
Are there real estate taxes in your country?
Yes for non-residential.
Are there sales and/or value-added taxes in your country?
Yes. The standard rate is 18%
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.
Customs in case the assignee imports goods
Stamp duty in case an assignee engages in transactions subject to stamp duty e.g purchase of land or building
Excise duty on purchases or transactions subject to excise duty as a final consumer
Over the Top services Levy
Is there a requirement to declare/report offshore assets (e.g., foreign financial accounts, securities) to the country’s fiscal or banking authorities?