Denmark is a country with a very generous welfare system. At the same time, taxes are also very high. So what is the level of Denmark’s tax policy? I have listed for you the various tax policies. Tax rate. Details are as follows:
Corporate income tax: 25 (since 2004)
Dividend tax
Dividend: 25
Interest (only From bank deposits and securities): 25
Patent rights royalties, professional knowledge, etc.: 20
Net operating loss (year)
Retroactively: 0
Forward deduction: no limit
Real estate transaction tax: 3.5
Capital transfer tax when the company increases capital: 1
Stock transfer tax
Joint stock company: 0.15
Private limited company: 2.5
VAT (goods value-added tax)
People's livelihood necessities And some specific goods such as books, magazines, freelancing remuneration, etc.: 10
General goods or services: 20
Property tax: 0
Since 1994 Starting from January 1, Austria has abolished the expropriation of property from natural or legal persons.
Personal income tax
The Austrian personal income tax rate is divided into "five levels" of 0, 21, 31, 41, and 50***, and its calculation method is:
Annual income below 3,640 euros: 0
Annual income above 3,640 euros, for each additional 3,630 euros: 21
For each additional 14,530 euros: 31
Every additional €29,070: 41
Above: 50
Personal income tax description:
If a person’s annual income is 8, 000 euros, the personal income tax to be paid is: (8,000-3,640)=4,360. This part of 4,360 euros is the taxable income, of which 3,630 euros of income is subject to 21 income tax. The remaining 730 euros (4,360-3,630=730) are subject to the higher tax rate of 31. The total income tax paid by a person is 762.3 226.3 = 988.6 euros, and the actual income is 7,011.40 euros.
Assuming that a person’s annual income is 80,000 euros, the personal income tax he must pay is: (3,6300.21) (14,5300.31) (29,0700.41) (29,1300.5)=31,750.3, A person's total income tax is 31,750.3 euros, and his take-home income is 48,249.7 euros.