UE Corporate Tax Rates 2015

UE Corporate Tax Rates 2015

Jurisdiction

National rate

Local rate

Branch

Notes

Austria 25% 0% 25% Minimum corporate income tax of EUR 1,750 for limited liability company and EUR 3,500 for joint stock company.
Belgium 33% 0% 33% Surcharge of 3% on income tax due makes effective tax rate 33.99%. Reduced rates may be available for companies whose taxable income does not exceed EUR 322,500.
Bulgaria 10% 0% 10%
Cyprus 12.5% 0% 12.5% Certain types of income subject to Special Contribution for Defense at rates of 17% (dividends), 30% (interest) and 3% (rents).
Croatia 20% 0% 20%
Denmark 23.5% 0% 23.5% Rate reduced from 24.5% as from 1 January 2015.
Estonia 20% 0% 20% Rate reduced from 21% on 1 January 2015.
Finland 20% 0% 20%
France 33.33% 0% 33.33%/30% 3.3% social surcharge applies to corporate income tax liability exceeding EUR 763,000. 10.7% temporary surtax applies to corporate income tax liability when turnover exceeds EUR 250 million. After-tax income of branch also deemed to be distributed to non residents and subject to 30% branch tax, unless exception applies.
Germany 15% 14%-17% 15% Solidarity surcharge of 5.5% also levied on corporate income tax. Municipal trade tax imposed at rates between 14% and 17%, with rates determined by municipalities. Combined rate (i.e. corporate income tax, trade tax, solidarity surcharge) approximately 30% to 33%.
Greece 26% 0% 26%
Ireland 12.5% 0% 12.5% Standard corporation tax rate on trading income is 12.5%, and 25% on non trading income.
Italy 27.5% 3.5% 27.5% Corporate tax rate is 27.5%, plus IRAP (generally 3.9%). Non operating companies subject to 38% rate. 6.5% surtax on certain companies in energy sector no longer applies from 12 February 2015.
Latvia 15% 0% 15% Standard rate is 15%, with 9% or 11% rate on annual turnover of microenterprises.
Lithuania 15% 0% 15% Micro companies (those with up to 10 employees and up to EUR 300,000 in income per year) may be entitled to reduced rate of 5%.
Luxembourg 21% 6%-12% 21% 21% rate applies to companies whose taxable income exceeds EUR 15,000; otherwise, rate is 20%. Surtax of 7% to unemployment fund and municipal business tax also apply.
Malta 35% 0% 35%
Netherlands 25% 0% 25% Rate is 20% on taxable profits up to EUR 200,000, and 25% on taxable profits exceeding that amount.
Poland 19% 0% 19%
Portugal 21% 0%-1.5% 21% Rate dropped from 23% on 1 January 2015. Municipal surcharge ranging between 0% and 1.5% of taxable profits also imposed, as is 3% state surcharge levied on taxable profits over EUR 1.5 million up to EUR 7.5 million, 5% on profits over EUR 7.5 million up to EUR 35 million and 7% on profits exceeding EUR 35 million. Different rates apply in autonomous regions of Madeira and Azores.
United Kingdom 21% 0% 21% Standard rate will reduce to 20% on 1 April 2015.
Czech Republic 19% 0% 19% Rate is 5% for basic investment funds and 0% for pension funds (with certain exemptions).
Romania 16% 0% 16% Special scheme applies to small companies (i.e. “micro enterprises”), which are taxed on income at 3% rate.
Slovakia 22% 0% 22%
Slovenia 17% 0% 17% Standard rate is 17%, but 0% rate applies for certain funds, pension insurance undertakings and venture capital companies.
Spain 28% Varies 28%/20% Standard rate reduced from 30% on 1 January 2015. Reduced rate of 25% applies to first EUR 300,000 of taxable income of small and medium-sized enterprises. Branches of foreign companies taxed at same rate as domestic companies, in addition to 20% (reduced from 21% on 1 January 2015) branch profits tax imposed on after-tax profits remitted to foreign head office. Branch profits tax does not apply to payments made to EU residents.
Sweden 22% 0% 22%
Hungary 10%/19% 0%-2% 10%/19% 10% rate applies to tax base up to HUF 500 million, 19% rate applies to tax base exceeding this amount.

Author: ARMANDO DAKO
download https://it.linkedin.com/in/armando-dako-01329b78/en

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