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UnitedKingdom
   General Information   UK resident company liable to corporation tax    on its worldwide profits.   non-UK resident c...
   UK corporation tax rates:   20 per cent for companies with profits of up to    £300,000   between 20 per cent and 26...
   UK personal tax rates for 2011-12:   20 per cent on income between £1 and £35,000   40 per cent on income over £35,0...
Luxembourg
   GENERAL:   Resident companies are taxed on their world-wide    income   Non-resident companies having a permanent   ...
   GENERAL:   Corporate Income Tax (IRC) applies to    corporate entities, which includes    SAs, SARLs, and Partnership...
   ADVANTAGES:   tax incentives available for investors who are    considered to be supporting the economic    developme...
   TAX RATES FOR COMPANIES:   income does not exceed €15,000, the maximum    tax rate is 20 percent.   otherwise the ta...
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Uk & lux taxation

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Aristidis Papathanasiou presents Uk & Luxembourg taxation

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Transcript of "Uk & lux taxation"

  1. 1. UnitedKingdom
  2. 2.  General Information UK resident company liable to corporation tax on its worldwide profits. non-UK resident company liable to corporation tax on the profits of a branch or agency in the UK. LTDs benefit from significant tax incentives
  3. 3.  UK corporation tax rates: 20 per cent for companies with profits of up to £300,000 between 20 per cent and 26 per cent for companies earning profits of between £300,001 and £1.5 million depending on where your profits fall within that band 26 per cent for companies with profits of more than £1.5 m
  4. 4.  UK personal tax rates for 2011-12: 20 per cent on income between £1 and £35,000 40 per cent on income over £35,000 50 per cent on income over £150,000 Tax free allowance 7.500
  5. 5. Luxembourg
  6. 6.  GENERAL: Resident companies are taxed on their world-wide income Non-resident companies having a permanent establishment (defined as a place of business or fixed equipment, which would normally include branches) pay income tax on their income originating in Luxembourg. .
  7. 7.  GENERAL: Corporate Income Tax (IRC) applies to corporate entities, which includes SAs, SARLs, and Partnerships Limited by Shares In partnerships tax is assessed directly on the partners rather than the partnership as such. .
  8. 8.  ADVANTAGES: tax incentives available for investors who are considered to be supporting the economic development of the country IRC is assessed annually and deducted from the annual net income (profit) from business activities
  9. 9.  TAX RATES FOR COMPANIES: income does not exceed €15,000, the maximum tax rate is 20 percent. otherwise the tax rate is 21 percent in both cases, there is a 4 % employment contribution surcharge and a charge of between 6% and 10.5% in respect of municipal services.
  10. 10. THANK YOU FOR YOURATTENTION !
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