Paying Taxes

Paying Taxes

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in 2013 (January 1, 2013 – December 31, 2013).

 

Tax or mandatory contribution

 

 

Payments (number)

 

Notes on Payments

 

  Time (hours)

 

Statutory tax    rate

 

Tax base

 

Total tax rate (% profit)

 

Notes on TTR

 

Employer paid – Social insurance contributions

 

 

12

 

 

240

 

23%

 

Gross salaries

 

25.94

 

 

Corporate income tax

 

 

1

 

 

32

 

25%

 

Taxable profits assessed

 

17.77

 

 

Property transfer tax

 

 

1

 

 

 

5%

 

value of land

 

0.36

 

 

Tax on check transactions (stamp duty)

 

 

1

 

 

 

IRR 200 per check

 

number of checks issued

 

0.00

 

 

Property tax

 

 

1

 

 

 

various rates

 

assessment of property value

 

0.00

 

small amount

 

Value added

 

 

4

 

 

72

 

5% up until 21 March 2013 and 6% thereon

 

value added

 

0.00

 

not included

Totals:20.0344.044.1

 

Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company’s income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

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