Every government in the world taxes the citizens of its country in many different ways. The most common form of tax is income tax, which is usually deducted from an employee’s paycheck monthly by their employer. In the United States, every person has to file their taxes individually with the IRS (Inland Revenue Service). Most companies have to pay corporate income tax on their annual profits.
Governments also add other taxes onto goods and services in the form of a sales tax also known as VAT (Value Added Tax) or GST (Goods & Service Tax) in some countries. In the event of death, many countries have some form of estate tax which must be paid for the assets of the deceased to be transferred to the designated beneficiary. The gift tax is also a common form of tax and usually limits the amount of actual money or assets that can be transferred to a third party without paying tax.
Tax Calculators By Country
We are compiling a list of tax calculators by country to help you work out certain taxes.
Each country listed below covers the following types of tax:
- Income tax
- Withholding tax
- Sales tax
- Property tax
- Estate tax
- Gift tax
If you do not see your country listed above please check back soon or contact us and request that we add it.