Italy – Corporate Taxes Summary

Applicable rates Italian corporate entities are subject to a corporate income tax, known as imposta sul reddito sulle società or IRES, and to a regional production tax, known as imposta regionale sulle attività produttive or IRAP. The standard rates are as follows: Up to FY 2016,
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Ireland – Corporate Taxes Summary

Corporation tax is chargeable as follows on income and capital gains: Standard rate on income(‘trading rate’) Higher rate on income(‘passive rate’) Capital gains rate 12.5% 25% 33% Resident companies are taxable in Ireland on their worldwide profits (including gains). Non-resident companies are
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Guernsey – Corporate Taxes Summary

Resident corporations are liable to tax on their worldwide income. Non-resident corporations are subject to Guernsey tax on their Guernsey-source income. Companies pay income tax at the current standard rate of 0% on taxable income; however, income derived from certain businesses may
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Greece – Corporate Taxes Summary

Resident corporations are taxed on their worldwide income. Non-resident corporations are taxed in Greece on any Greek-source income they derive therein. For the tax year 2021 onwards, the corporate income tax (CIT) rate of legal entities, with the exemption of credit institutions,
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Gibraltar – Corporate Taxes Summary

Companies are subject to Gibraltar taxation on income accrued in and derived from Gibraltar. The standard corporate income tax (CIT) rate is 12.5% (increasing from 10% with effect from 1 August 2021), with utility and energy providers and companies that abuse a
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Germany – Corporate Taxes Summary

Germany taxes its corporate residents on their worldwide income. However, most double tax treaties (DTTs) exempt income attributable to a foreign permanent establishment (PE). Non-residents with PE or property income are taxed by assessment on German-source income; those earning royalties and dividends
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Denmark – Corporate Taxes Summary

Companies are subject to tax on all income and are only allowed deductions on expenses that are related to the operations of the company. According to Danish tax law, a territoriality principle prevails with respect to PEs and real estate located abroad.
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Czech Republic – Corporate Taxes Summary

Corporate income tax (CIT) applies to the profits generated by all companies, including branches of foreign companies. Corporate partners in general partnerships (i.e., unlimited) and corporate general partners (i.e. unlimited) in a limited partnership are subject to CIT on their share of
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Cyprus – Corporate Taxes Summary

Corporate income tax (CIT) All companies that are tax residents of Cyprus are taxed on their income accrued or derived from all sources in Cyprus and abroad. A non-Cyprus tax resident company is taxed on income accrued or derived from business activity
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Bulgarian – Corporate Taxes Summary

Bulgarian tax residents are taxed on their worldwide income. Non-residents are taxed on their income from Bulgarian sources only, through a permanent establishment (PE) and/or via withholding tax (WHT), depending on the case. In general, corporate income is subject to corporate income
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