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2013 Tax Guideline for Central & Eastern Europe

2013 TAX GUIDELINE for Central & Eastern Europe Czech Republic Poland Capital: Prague Capital: Warsaw Official language: Polish Official currency: PLN Official language: Czech Official currency: CZK Population: 10.5 million Area: 78,864 sqkm GDP Growth*: Population: 38.5 million Area: 312,679 sqkm GDP Growth*: -1,3% 2% Slovakia Romania Capital: Bratislava Official language: Slovak Officlal currency: Euro Population: 5.4 million Area: 49,036 sqkm GDP Growth*: Capital: Bucharest Official language: Romanian Official currency: RON Population: 19.04 million Area: 238,391 sqkm .......................... GDP Growth*: 2% Hungary 0,3% Capital: Budapest Official language: Hungarian Official currency: HUF Population: 9.9 million Area: 93,030 sqkm GDP Growth*: -1,7% *GDP Growth stats are for 2012 Czech Republic Slovakia Hungary Romania Poland Main Taxes Overview 23% 27% 24% 32% Cover C20 000/vear) 21% 19% 25% (over C34 401/year or C26/m 20% 19% 16% 16% 16% 23% 15% 19% 18% OValue added tax O Corporate income tax O Personal income tax Personal income tax exceeding specific wage Social & Health Security 34% 35,2%- 27,75% - 28,45% 27% Employer 16,5% 22,71% 13,4% 15 11% 10% 19,48% - 22,67% Employee 45% 48,6% 37% 44,95% 45,38% Advantages of Investments Corporate income tax - competitive flat rate • Strong consumer market • Highly educated and experienced employees • 50% supplementary deduction for corporate income tax purposes applicable to eligible R&D activities •5% reduced VAT rate for real One of the most successful CEE countries in attracting of foreign direct investment •Corporate income tax - flat Preforential corporate income tax rate (corporate income tax rate: 10%). • Development benefits (tax and other benefits) for significant Stable economic growth. • Corporate inoome tax- competitive flat • Strong consumer market • The main communication Fast growing and stable. • Highly educated and experienced employees • Low labor costs compared to 16% westem countries • No real estate transfer tax • Highest GDP gowth in CEE • General tav free allowance • The private sector contributes approximately 80% to the GDP • Very good geographical position - exact middie of the Europe rate of 19% * Very good geographical position and infrastructure investments routs intersect in Poland •Research and development • 14 special zones where economic activity may be run in favourable conditions • Highly educated and skilled workforce • Low labor costs compared to westem countries •Safe investment environment benefits for eligible entities • Tax incentives for royalty Income • Highly educated and experienced employees Tax benefits for supporting certain organisations (film production companies, sport organisations) estate transactions under certain conditions • Real estate tax incentives • Subsidies granted by the State for hiring fresh graduates IT •Transparent system of provided by municipalities • EU subsides for the companies investment incentives Income tax exemption for f programmers under certain conditions Tax losses - Significant carry forward period (7 years) • Dividend tax exemption for reinvested dividends Company Minimum Capital Limited Liability Company Private Join Stock €785 660 Company Public Join Stock Company €78 570 €69 462 €25 000 €25 00 €23 160 €23 160 1160€ €17 365 €25 000 €25 000 €7860 €5000 €1737 45€ Find more information about CEE Taxation Systems, Legal Forms of Business, Social Security & Labor Law aspects in our complete 2013 Tax Guideline for Central & Eastern Europe at: .:accace www.accace.com

2013 Tax Guideline for Central & Eastern Europe

shared by Accounting_Ace on Apr 29
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Infographics created by CEE tax advisors Accace offers the overview of most important tax rates of Central and Eastern European countries - Czech Republic, Slovakia, Hungary, Poland and Romania. The i...

Publisher

Accace

Tags

tax

Category

Economy
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