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PTI a member in good standing with the German Chamber of Tax Consultants!
PTI a member in good standing with the German Chamber of Tax Consultants!
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FRENCH ANGLO DOUBLE TAX TREATY RATIFIED
The French Anglo Double Tax Treaty was ratified in 2010. A number of the tax changes which affect British citizens are highlighted below.
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Hungarian Tax Reform
The Hungarian tax administration brought in a number of changes to both the income and corporate tax regimes in January 2011.
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Revenue Targets Overseas Property Owners
Irish investors who are quietly disposing of overseas properties to bolster their depleted cash reserves are being targeted by the Revenue Commissioners.
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Spain May Be Forced To Change Their Inheritance Tax Exemptions
European Court of Jutice may force Spain to change how non-residents are treated for Inheritance tax and Gift tax.
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UK Tax Changes Aimed at Increasing the Non-Doms into UK Actually Slowed Down Inward Arrivals
Changes brought into raise millions in additional revenue form wealthy business people has led to a number of Britain's super-rich leaving the UK and slowed the number of people looking to re=locate to the UK.
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Spanish tax increases for high-earning contractors
Foreign footballers playing in the Spanish Liga who earn more than 600,000 euros a year will soon be paying 19% more tax thanks to a change in the rules approved today by parliament.
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4 Tax Defaulters Pay Revenue Back over €1 million each
Revenue's ongoing tax investigations on tax defaulters has netted some large repayemnts of late with one tax settlement costing more than €2.5 million.
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HMRC & IRS Deadline for Offshore Bank Users to Confess is Fast Approaching
People that used offshore bank accounts as a means to evade tax have been give time to make a voluntary disclosure their tax authorities.
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HMRC raises interest rate on late tax payments
Interest charged on late tax payments has been raised to 3% depsite the Bank of England base rate remaining unchanged since March which now stands at 0.5%
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A Call for new Irish Income Tax Rate from Commission on Taxation
The Commission on Taxation recently published an overhaul of the Irish tax system which has seen the introduction of a new Irish income tax rate and a targeted crackdown on Irish tax exiles.
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Cowen has not committed to the introduction of a Property Tax but has not ruled anything out…
Taoiseach Brian Cowen has admitted that the introduction of a property tax is not high on his agenda but he points out that such an introduction can not be ruled out.
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Hungarian Tax Reform

Friday, 21.01.2011

Property Tax International
Property Tax International


The main changes brought in this year were:
• Private pension fund laws amended
• National Tax and Customs Administration established
• Personal income tax on private individuals changed
• Financial sector and insurance companies incur a new surtax
• Other tax legislation changes

Hungarian Personal Income Tax

In relation to the Act on personal income tax the following principal amendments were introduced:

- A new flat income tax rate of 16% now applies


Hungarian Corporate Income Tax Changes:

Companies with an annual tax base of HUF 500 million continue to pay tax at 10% while above this limit 19% continues to apply. A flat Hungarian corporation tax rate of 10% will apply for all companies in 2013.


Property Tax International is a trading name of Taxback Returns which is part of the Taxback Group incorporating taxback.com providing financial services since 1996