Corporate Income Tax | 18% (down to 17% in 2013; 16% in 2014 and 15% by 2015) |
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Tax Relief | – 100% of the amount invested in R&D
– up to 40% of the amount invested in equipment and intangible long-term assets |
Profit Repatriation Tax | – 0% on dividends paid abroad for EU members; – 15% for other countries unless otherwise stated in a bilateral agreement |
Capital Gains Tax | 0 – 20% (depending on a holding period) |
VAT (Value Added Tax) | 20% – standard rate; 8.5% – reduced rate |
Property Tax | 0% |
Immovable Property Transfer Tax | 2% |
Social Security Contributions | 16.1% paid by employer; 22.1% paid by employee |
Payroll Tax | abolished in 2009 |
Personal Income Taxes | progressive tax rates: 16%, 27% and 41% |