| Corporate Income Tax | 18% (down to 17% in 2013; 16% in 2014 and 15% by 2015) |
|---|---|
| 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% |