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East Timor
Taxes
Want to setup a company? This will tell you about tax laws in East Timor, reading this will help you becoming knowlegeable on the specific tax laws and rates for a which is the most common legal entity in East Timor.
East Timor imposes corporate level taxation earned abroad distinctly then it it was attached to local operations. Thepredominant standard rate for offshore income, from our research, and these things do change, is 0%. East Timor does not have major incentives to transfer in foreign earned profits remitted back. Taxes are quite low in East Timor as the is 11%. This ranks East Timor as 33rd overall with regards to CIT globally. . .
The valued added tax rate in East Timor is 2.50%, that ranks East Timor as 33rd overall with regards to value added tax rate worldwide. In terms of other taxation, an employer will contribute 0.00% to the equivalent of a social security fund and an employee will contribute 0.00%. The overall complexity of the tax system is medium. This is measured by average time to comply with a country's labor tax requirements is as it is 144hours. Contributing to this is the number of yearly labor tax payments, which is 12 in TL.
Thin cap restrictions aren't officially enacted. Thin capitalisation refers to any type of restrictions on companies' debt-to-asset ratios. Dividends are payments of an earnings of the business, voted on by the board, to shareholders.Dividends can be either shares of stock, cash payments, or other property. The capital gains rate in TLis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.
The royalties witholding rate 10% Which means that the tax authorities expects 's to withold 10% of money remitted abroad for royalty payments.
There is no known tax on wealth in East Timor. There are inheritance taxes in East Timor placed on an estate. There are not many frequently implemented research and development tax incentives in TL.
The above is not tax or legal advice for your company's facts and circumstance. Incorporations.io can to help you find to a tax advisorin East Timor who can answer all your questions. Want to work together? Click incorporate now if you are in a hurry, or press the free consultation button above.
East Timor imposes corporate level taxation earned abroad distinctly then it it was attached to local operations. Thepredominant standard rate for offshore income, from our research, and these things do change, is 0%. East Timor does not have major incentives to transfer in foreign earned profits remitted back. Taxes are quite low in East Timor as the is 11%. This ranks East Timor as 33rd overall with regards to CIT globally. . .
The valued added tax rate in East Timor is 2.50%, that ranks East Timor as 33rd overall with regards to value added tax rate worldwide. In terms of other taxation, an employer will contribute 0.00% to the equivalent of a social security fund and an employee will contribute 0.00%. The overall complexity of the tax system is medium. This is measured by average time to comply with a country's labor tax requirements is as it is 144hours. Contributing to this is the number of yearly labor tax payments, which is 12 in TL.
Thin cap restrictions aren't officially enacted. Thin capitalisation refers to any type of restrictions on companies' debt-to-asset ratios. Dividends are payments of an earnings of the business, voted on by the board, to shareholders.Dividends can be either shares of stock, cash payments, or other property. The capital gains rate in TLis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.
The royalties witholding rate 10% Which means that the tax authorities expects 's to withold 10% of money remitted abroad for royalty payments.
There is no known tax on wealth in East Timor. There are inheritance taxes in East Timor placed on an estate. There are not many frequently implemented research and development tax incentives in TL.
The above is not tax or legal advice for your company's facts and circumstance. Incorporations.io can to help you find to a tax advisorin East Timor who can answer all your questions. Want to work together? Click incorporate now if you are in a hurry, or press the free consultation button above.
Country details
East Timor
USD
Dili
Oceania
tet, pt-TL, Indonesian, English
1,154,625
Tax treaties
| Country | Type | Date Signed | |
|---|---|---|---|
| Australia | DTC | 2002-05-20 | |
| Spain | DTC | 1995-05-30 | |
| Portugal | DTC | 2011-09-27 |
Tax treaties Map
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