Other Taxes
Stamp tax
Stamp Tax applies to a wide range of documents,
including but not limited to, contracts, agreements,
notes payable, letters of credit and letters of
guarantee, financial statements and payrolls. Stamp duty
is levied as a percentage of the value stated on the
document at rates ranging from 0.15% to 0.75%. The Stamp
Tax Code provides that each relevant party shall be
responsible for payment of the total amount of stamp tax
on the agreements. Each original document is separately
subject to stamp tax.
Motor vehicle tax
The subject of the tax is motor vehicle. Taxable event
is registration of the motor vehicles in the traffic,
municipality and docks.
Taxpayers are real and legal persons who have motor
vehicles that are registered to their own names in the
traffic, municipality and docks register and the
civilian air-vehicle register maintained by the Ministry
of Transportation.
Tax is assessed and accrued annually in the beginning of
January. The motor vehicle taxes are paid in two equal
installments, in January and July, every year.
Motor vehicles are classified into four categories in
terms of motor vehicle tax:
·
List 1 : cars, special utility vehicles and motorcycles,
·
List 2: minibuses, panel vans, motorized caravans,
busses, pickups, trucks etc.
·
List 3 : yacht-cutter and all sorts of motor ships
·
List 4 : planes and helicopters
The amount of Motor Vehicle Tax for land transportation
vehicles is determined according to their weight, age,
cylinder capacity and the fuel used.
Banking and insurance transactions tax (BITT)
The subject of the tax is transactions and services
produced by banks, bankers and insurance companies.
Taxpayers are banks, insurance companies and bankers.
All transactions and services produced by banks and
insurance companies. There will be the tax upon the
money, which they collect under the name of interest,
commission and expenditure because of the services they
produced on behalf of them. Bankers' certain
transactions and services produced and stated in Code
are the subject of the tax. Other transactions of
bankers are subject to VAT.
Banks and insurance companies are exempt from VAT, but
are subject to BITT at a rate of 5%, which is due on the
gains of such companies from their transactions. The
purchase of goods and services by banks and insurance
companies is subject to VAT but is considered as an
expense or cost for recovery purposes.
Taxation period in BITT is each month of the calendar
year. Taxpayers declare their taxable transactions up to
the evening of the 15th day of the following month.
Gambling tax
The subject of the tax is betting, lotteries and other
forms of gambling. Taxpayers are composers of gambling
activities and Gambling Tax is calculated by applying
fixed or specific rate of tax.
Taxation period in Gambling Tax is each month of the
calendar year. Taxpayers declare their taxable
transactions and pay the accrued tax up to the evening
of the 20th day of the following month.
Inheritance and gift tax
Items acquired as gifts or through inheritance are
subject to a progressive tax rate ranging from 10% to
30% and 1% to 10%, respectively, of the item's appraised
value. Tax paid in a foreign country on inherited
property is deducted from the taxable value of the
asset. Inheritance and Gift Tax is payable in biannual
installments over a period of 3 years.
Property tax
Property taxes are paid each year on the tax values of
land and buildings at rates varying from 0,1% to 0.3%.
In the case of the sale of a property a 1% levy is paid
on the sales value by both the buyer and the seller.
Property tax returns are filed in every four years and
annual taxes are paid in two equal installments, the
first being in March, April or May and the second in
November.
Special communication tax
All types of installation transfer and telecommunication
services given by mobile phone operators are subject to
25% Special Communication Tax. The tax base for Special
Communication Tax is the same as the Value Added Tax
base. Mobile phone operators will declare the
communication tax on the VAT returns and pay the accrued
tax by the 15th day of the following month.
Education contribution fee
Transactions and certain documents stated in the related
Code are subject to Education Contribution Fee in
different amounts. Education Contribution Fee is taken
as a fixed levy according to the document or the
transaction. Education Contribution Fee is a temporary
fee applicable until 31 December 2010.
Customs duty
Goods imported from abroad are the subject of the tax.
Taxable events are free circulation of goods,
registration of customs declaration, and temporary
importation in case of partial exemption.
Taxpayer is principally person who declare to the
customs office.
Customs duties are assessed on written declaration by
the taxpayer and paid within 10 days dating from
communication.
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