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F OREIGN TAX D ESKS 5 United States desk Joseph Esperance +39 02 851 4569 Megan Grady +39 02 851 4587 Japan Tokyo Germany desk Hans-Peter Musahl +81 3 3506 2087 Georg Schleithoff +81 3 3506 2722 India desk Niladri Nag +81 3 3506 2446 Netherlands desk Frank Jansen +81 3 3506 2671 Tobias J. Lintvelt +81 3 3506 2423 United Kingdom desk Joachim Stobbs +81 3 3506 2670 United States desk Wayne H. Aoki (until 30 June 2010) +81 3 3506 2602 Leonard Bernardi +81 3 3506 2637 Stuart D. Ison +81 3 3506 2460 Bruce W. Miller +81 3 3506 2422 Chris Newman +81 3 3506 2600 Rhett Shaver (until 31 July 2010) +81 3 3506 2778 Stephen Taniguchi +81 3 3506 2708 Mexico Mexico City United States desk Jorge Castellon +52 55 5283 8671 Manuel Solano +52 55 1101 6437 Russian Federation Moscow Netherlands desk Ernstjan Rutten +7 495 705 9739 Singapore German desk Cornelia Wolff (Tax Effective Supply Chain +65 6535 8868 Management and Transfer Pricing) Netherlands desk Zhimeng Chou +65 6309 8985 Nordic desk Jesper Solgaard +65 6309 8038 United States desk Andy Baik +65 6309 8268 Celine Barretto +65 6309 8041 Switzerland Geneva United States desk Jignesh Shroff +41 58 286 56 85 Zurich United States desk Karthik Karthikeyan +41 58 286 31 91 Aaron Schaal +41 58 286 32 36
6 FOREIGN TAX D ESKS Taiwan Taipei United States desk Alice Chan-Loeb (until 30 June 2010) +886 2 2720 4000, Ext. 2711 Bill Seto (beginning 1 July 2010) +886 2 2720 4000 Karen Yang +886 2 2720 4000, Ext. 1695 United Kingdom London Australia desk Catherine Dean +44 20 7951 7702 Brazil desk Ricardo Assunção Moura +44 20 7951 6907 Germany desk Sebastian Pech +44 20 7951 3058 India desk Sriram Ramaswamy +44 20 7951 5121 Japan desk Asao Takesue +44 20 7951 0655 Luxembourg desk Anja Taferner +44 20 7951 2197 Netherlands desk Reinout Kok +44 20 7951 0295 Janco van Dam +44 20 7951 9021 Marcus Wisznievski +44 20 7951 2758 Poland desk Andrzej Broda +44 20 7951 6457 ⁄Lukasz Jes ’ kiewicz +44 20 7951 0458 Portugal desk Francisco Almada +44 20 7951 6557 Singapore desk Sandie Wun +44 20 7951 2261 United States desk Steven Browning +44 20 7951 5747 Anthony Calabrese +44 20 7951 5802 Elizabeth Canizales +44 20 7951 3815 Claudia de Bernier +44 20 7951 0560 Nina Dhawer +44 20 7951 0611 Katherine Eldred +44 20 7951 2000 Anne Farrar +44 20 7951 5481 Cecile Gyles +44 20 7951 6576 Jillian Hekmati +44 20 7951 7863 Linda Henry (Real Estate) +44 20 7951 8618 Jane MacDougall +44 20 7951 5091 Brian McIlhinney +44 20 7951 8838 Michael Nadler +44 20 7951 2721 Melissa O’Connor +44 20 7951 5145 Stephen O’Neil +44 20 7951 0800 Edward Rieu +44 20 7951 1514 Robert Russo (Financial Services) +44 20 7951 6656 Brenda Villarreal +44 20 7951 4082 United States New York (also see pages 1130 and 1131 for listings of the Asia-Pacific Business Group and Latin American Business Group) Foreign Tax Desks Leader Gerrit Groen +1 212 773 8627
Page 1 and 2: The 2010 worldwide corporate tax gu
Page 3 and 4: This publication contains informati
Page 5 and 6: Dominican Republic.................
Page 7 and 8: Qatar .............................
Page 9 and 10: 2 ERNST & YOUNG G LOBAL TAX CONTACT
Page 11: 4 FOREIGN TAX D ESKS Germany desk A
Page 15 and 16: 8 FOREIGN TAX D ESKS - ALBANIA Unit
Page 17 and 18: 10 A LBANIA Taxpayers that made mon
Page 19 and 20: 12 A LBANIA Relief for losses. Loss
Page 21 and 22: 14 Angola (Country code 244) Luanda
Page 23 and 24: 16 A NGOLA Income from oil extracti
Page 25 and 26: 18 A NGOLA D. Other significant tax
Page 27 and 28: 20 A RGENTINA Indirect Tax Rubén
Page 29 and 30: 22 A RGENTINA Foreign tax relief. R
Page 31 and 32: 24 A RGENTINA E. Miscellaneous matt
Page 33 and 34: 26 A RGENTINA - ARUBA (e) The 10% r
Page 35 and 36: 28 A RUBA Branch profits tax. Branc
Page 37 and 38: 30 AUSTRALIA Ian Scott (2) 9248-47
Page 39 and 40: 32 AUSTRALIA Sean van der Linden (8
Page 41 and 42: 34 AUSTRALIA Business Tax Advisory
Page 43 and 44: 36 AUSTRALIA Foreign residents and
Page 45 and 46: 38 AUSTRALIA A recipient of unfrank
Page 47 and 48: 40 AUSTRALIA Fringe benefits tax (s
Page 49 and 50: 42 AUSTRALIA Certain types of busin
Page 51 and 52: 44 AUSTRALIA its final report to th
Page 53 and 54: 46 AUSTRALIA Controlled foreign com
Page 55 and 56: 48 AUSTRALIA A final withholding ta
Page 57 and 58: 50 AUSTRALIA (a) The dividend withh
Page 59 and 60: 52 AUSTRIA Wolfgang Siller (1) 2117
Page 61 and 62: 54 AUSTRIA If the passive income an
Page 63 and 64:
56 AUSTRIA The Finance Ministry may
Page 65 and 66:
58 AUSTRIA Group taxation also allo
Page 67 and 68:
60 AUSTRIA Dividends Interest (a) R
Page 69 and 70:
62 AUSTRIA - AZERBAIJAN (m) This ra
Page 71 and 72:
64 A ZERBAIJAN credit, it is unclea
Page 73 and 74:
66 A ZERBAIJAN - BAHAMAS Treaties w
Page 75 and 76:
68 BAHAMAS Nature of tax Rate Custo
Page 77 and 78:
70 BAHRAIN - BARBADOS Nature of tax
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72 BARBADOS A company is considered
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74 BARBADOS taxable income. However
Page 83 and 84:
76 BARBADOS arm’s length and to a
Page 85 and 86:
78 B ELARUS Business Tax Advisory J
Page 87 and 88:
80 B ELARUS Simplified system of ta
Page 89 and 90:
82 B ELARUS C. Determination of tax
Page 91 and 92:
84 B ELARUS Dividends Interest Roya
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86 B ELARUS (o) The 10% rate applie
Page 95 and 96:
88 B ELGIUM International Tax Servi
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90 B ELGIUM The company is a holdin
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92 B ELGIUM by the taxpayer. The pu
Page 101 and 102:
94 B ELGIUM A 15.5% investment dedu
Page 103 and 104:
96 B ELGIUM F. Treaty withholding t
Page 105 and 106:
98 B ELGIUM (c) under Belgian domes
Page 107 and 108:
100 B ELGIUM - BERMUDA Belgium has
Page 109 and 110:
102 B ERMUDA paying at the rates of
Page 111 and 112:
104 B OLIVIA Net Operating Losses (
Page 113 and 114:
106 B OLIVIA from activities develo
Page 115 and 116:
108 B OLIVIA Nature of tax Rate Avi
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110 B OTSWANA Street address: 2nd F
Page 119 and 120:
112 B OTSWANA Collective-investment
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114 B RAZIL Principal Tax Contact a
Page 123 and 124:
116 B RAZIL that are required for C
Page 125 and 126:
118 B RAZIL Depreciation. Fixed ass
Page 127 and 128:
120 B RAZIL residents must also be
Page 129 and 130:
122 B RAZIL - BRITISH V IRGIN I SLA
Page 131 and 132:
124 Brunei Darussalam (Country code
Page 133 and 134:
126 B RUNEI DARUSSALAM 1 January 20
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128 BULGARIA B. Taxes on corporate
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130 BULGARIA (a) The rate may incre
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132 BULGARIA Dividends (y) Interest
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134 BULGARIA - CAMBODIA (cc) The 0%
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136 C AMBODIA Additional Tax on Pro
Page 145 and 146:
138 C AMBODIA Losses on direct or i
Page 147 and 148:
140 C AMEROON (c) The tax for CIE P
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142 C AMEROON Interest paid to shar
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144 C ANADA Ernst & Young (416) 864
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146 C ANADA Montréal, Québec GMT
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148 C ANADA B. Taxes on corporate i
Page 157 and 158:
150 C ANADA C. Determination of tax
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152 C ANADA corporation directly or
Page 161 and 162:
154 C ANADA An interest in a partne
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156 C ANADA Interest paid to a pres
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158 C ANADA Residence of Dividends
Page 167 and 168:
160 C ANADA (uu) The 5% rate applie
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162 Cayman Islands (Country code 1)
Page 171 and 172:
164 C AYMAN I SLANDS Companies that
Page 173 and 174:
166 C HILE Withholding Tax (%) Divi
Page 175 and 176:
168 C HILE Monetary correction. The
Page 177 and 178:
170 C HILE A). Interest payments ab
Page 179 and 180:
172 C HINA Business Tax Advisory H
Page 181 and 182:
174 C HINA Loretta Shuen, +852 262
Page 183 and 184:
176 C HINA Shenzhen GMT +8 Ernst &
Page 185 and 186:
178 C HINA domestic enterprises and
Page 187 and 188:
180 C HINA An annual return, togeth
Page 189 and 190:
182 C HINA Asset Years Buildings an
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184 C HINA Remittances of royalties
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186 C HINA residents of various tre
Page 195 and 196:
188 C HINA - COLOMBIA (f) The 5% ra
Page 197 and 198:
190 C OLOMBIA (a) Dividends paid to
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192 C OLOMBIA Payments to entities
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194 C OLOMBIA Assets considered for
Page 203 and 204:
196 C OLOMBIA Nature of tax Rate So
Page 205 and 206:
198 C OLOMBIA changes to the origin
Page 207 and 208:
200 C ONGO, DEMOCRATIC R EPUBLIC OF
Page 209 and 210:
202 C ONGO, DEMOCRATIC R EPUBLIC OF
Page 211 and 212:
204 C ONGO, REPUBLIC OF Principal T
Page 213 and 214:
206 C ONGO, REPUBLIC OF Foreign tax
Page 215 and 216:
208 C ONGO, REPUBLIC OF - COSTA R I
Page 217 and 218:
210 C OSTA R ICA amount of taxable
Page 219 and 220:
212 C OSTA R ICA Airlines, maritime
Page 221 and 222:
214 C OSTA R ICA - CÔTE D’IVOIRE
Page 223 and 224:
216 C ÔTE D’IVOIRE Until 30 Apri
Page 225 and 226:
218 C ÔTE D’IVOIRE Nature of tax
Page 227 and 228:
220 C ROATIA A. At a glance Corpora
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222 C ROATIA Provisions for costs o
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224 C ROATIA taxpayers derived from
Page 233 and 234:
226 C YPRUS Business Tax Advisory
Page 235 and 236:
228 C YPRUS Relief for losses. Loss
Page 237 and 238:
230 C YPRUS - CZECH R EPUBLIC (r) T
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232 C ZECH R EPUBLIC To qualify for
Page 241 and 242:
234 C ZECH R EPUBLIC Administration
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236 C ZECH R EPUBLIC The above dedu
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238 C ZECH R EPUBLIC in a sharehold
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240 C ZECH R EPUBLIC Dividends Inte
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242 C ZECH R EPUBLIC (h) The 5% rat
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244 D ENMARK Carsten Dall Larsen Mo
Page 253 and 254:
246 D ENMARK shares set up an inter
Page 255 and 256:
248 D ENMARK dividend receiving com
Page 257 and 258:
250 D ENMARK A company is considere
Page 259 and 260:
252 D ENMARK and Danish permanent e
Page 261 and 262:
254 D ENMARK (d) The withholding ta
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256 D OMINICAN R EPUBLIC Business T
Page 265 and 266:
258 D OMINICAN R EPUBLIC at a month
Page 267 and 268:
260 D OMINICAN R EPUBLIC - ECUADOR
Page 269 and 270:
262 E CUADOR Administration. The no
Page 271 and 272:
264 E CUADOR Depreciation of fixed
Page 273 and 274:
266 E GYPT A. At a glance Corporate
Page 275 and 276:
268 E GYPT plus direct and indirect
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270 E GYPT Interest (%) Royalties (
Page 279 and 280:
272 E L S ALVADOR Juan Carlos Chava
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274 E L S ALVADOR Foreign investmen
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276 E L S ALVADOR Asset’s useful
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278 E QUATORIAL G UINEA on the rela
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280 E QUATORIAL G UINEA - ESTONIA N
Page 289 and 290:
282 E STONIA (h) The 21% rate appli
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284 E STONIA Foreign tax relief. Di
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286 E STONIA - ETHIOPIA Dividends (
Page 295 and 296:
288 E THIOPIA office are subject to
Page 297 and 298:
290 E THIOPIA A negative depreciati
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292 F IJI Tax rates. Resident compa
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294 F IJI A company may adopt a dep
Page 303 and 304:
296 F INLAND Business Tax Advisory
Page 305 and 306:
298 F INLAND Even if the above cond
Page 307 and 308:
300 F INLAND If created from the pr
Page 309 and 310:
302 F INLAND Nature of tax Rate (%)
Page 311 and 312:
304 F INLAND Special tax reliefs ar
Page 313 and 314:
306 F INLAND (d) The withholding ta
Page 315 and 316:
308 F RANCE Paris GMT +1 Ernst & Yo
Page 317 and 318:
310 F RANCE Frédéric Reliquet, (
Page 319 and 320:
312 F RANCE taxed in France if such
Page 321 and 322:
314 F RANCE the following year. Oth
Page 323 and 324:
316 F RANCE The portion of interest
Page 325 and 326:
318 F RANCE may be used to reduce c
Page 327 and 328:
320 F RANCE CFC rules do not apply
Page 329 and 330:
322 F RANCE Dividends Interest (e)
Page 331 and 332:
324 G ABON (c) In certain circumsta
Page 333 and 334:
326 G ABON Relief for tax losses. L
Page 335 and 336:
328 G EORGIA Net Operating Losses (
Page 337 and 338:
330 G EORGIA Penalties and fines pa
Page 339 and 340:
332 G EORGIA Nature of tax Rate (%)
Page 341 and 342:
334 G EORGIA - GERMANY (m) The 5% r
Page 343 and 344:
336 G ERMANY Dr. Peter Jegzentis (3
Page 345 and 346:
338 G ERMANY Cornelia Wolff +65 653
Page 347 and 348:
340 G ERMANY Karl Friederichs (6196
Page 349 and 350:
342 G ERMANY Hannover GMT +1 Ernst
Page 351 and 352:
344 G ERMANY Business Tax Advisory
Page 353 and 354:
346 G ERMANY (b) A 5.5% tax surchar
Page 355 and 356:
348 G ERMANY withholding tax if the
Page 357 and 358:
350 G ERMANY expenses may not be ca
Page 359 and 360:
352 G ERMANY Financial Reporting St
Page 361 and 362:
354 G ERMANY D. Other significant t
Page 363 and 364:
356 G ERMANY The 2007 Annual Tax Ac
Page 365 and 366:
358 G ERMANY (b) The rate is 2% (0%
Page 367 and 368:
360 G ERMANY - GHANA Germany has in
Page 369 and 370:
362 G HANA Rural banks are exempt f
Page 371 and 372:
364 G HANA Dividends. An 8% withhol
Page 373 and 374:
366 G HANA Rate Formula for calcula
Page 375 and 376:
368 G HANA - GREECE F. Treaty withh
Page 377 and 378:
370 G REECE Partnerships are taxed
Page 379 and 380:
372 G REECE Interest accrued, excep
Page 381 and 382:
374 G REECE Nature of tax Rate (%)
Page 383 and 384:
376 G REECE - GUAM Dividends Intere
Page 385 and 386:
378 G UAM C. Other significant taxe
Page 387 and 388:
380 G UATEMALA Transaction Tax Anto
Page 389 and 390:
382 G UATEMALA Proceeds of the loan
Page 391 and 392:
384 G UATEMALA - GUERNSEY Antiavoid
Page 393 and 394:
386 G UERNSEY exempt company regime
Page 395 and 396:
388 G UERNSEY - GUINEA F. Tax treat
Page 397 and 398:
390 G UINEA - HONDURAS Corporate in
Page 399 and 400:
392 H ONDURAS A. At a glance Corpor
Page 401 and 402:
394 H ONDURAS - HONG KONG for three
Page 403 and 404:
396 H ONG KONG Withholding Tax (%)
Page 405 and 406:
398 H ONG KONG selling price basis.
Page 407 and 408:
400 H ONG KONG - HUNGARY In additio
Page 409 and 410:
402 H UNGARY Royalties Paid to Comp
Page 411 and 412:
404 H UNGARY fields of food product
Page 413 and 414:
406 H UNGARY Companies must file th
Page 415 and 416:
408 H UNGARY panies can adjust thei
Page 417 and 418:
410 H UNGARY These methods reflect
Page 419 and 420:
412 Iceland (Country code 354) Reyk
Page 421 and 422:
414 I CELAND reduce or eliminate th
Page 423 and 424:
416 I CELAND - INDIA Dividends A (a
Page 425 and 426:
418 I NDIA Niladri Nag +81 3 3506 2
Page 427 and 428:
420 I NDIA Net Operating Losses (Ye
Page 429 and 430:
422 I NDIA and natural gas in block
Page 431 and 432:
424 I NDIA Amount of income tax (in
Page 433 and 434:
426 I NDIA liabilities. The profits
Page 435 and 436:
428 I NDIA (b) Effective from the 2
Page 437 and 438:
430 I NDIA or which is formed as a
Page 439 and 440:
432 I NDIA Nature of tax Rate (%) s
Page 441 and 442:
434 I NDIA Approved Dividends (h) I
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436 I NDONESIA Principal Tax Contac
Page 445 and 446:
438 I NDONESIA Accelerated deprecia
Page 447 and 448:
440 I NDONESIA represents 25% or mo
Page 449 and 450:
442 I NDONESIA Special depreciation
Page 451 and 452:
444 I NDONESIA - IRAQ Dividends (%)
Page 453 and 454:
446 I RAQ Interest. Interest is sub
Page 455 and 456:
448 I RELAND David Smyth (1) 221-24
Page 457 and 458:
450 I RELAND Interest 20 (d)(e)(f)
Page 459 and 460:
452 I RELAND Land transactions. Dif
Page 461 and 462:
454 I RELAND cancellation, redempti
Page 463 and 464:
456 I RELAND If the above condition
Page 465 and 466:
458 I RELAND avoidance scheme. DWT
Page 467 and 468:
460 I RELAND niques likely to assis
Page 469 and 470:
462 I RELAND Tax depreciation (capi
Page 471 and 472:
464 I RELAND makes it more likely t
Page 473 and 474:
466 I RELAND Nature of tax Rate (%)
Page 475 and 476:
468 I RELAND Dividends (a) Interest
Page 477 and 478:
470 I SLE OF M AN (b) Under the pro
Page 479 and 480:
472 I SLE OF M AN first-out (FIFO)
Page 481 and 482:
474 I SRAEL Principal Tax Contact a
Page 483 and 484:
476 I SRAEL distributed and subsequ
Page 485 and 486:
478 I SRAEL real estate). Tax is im
Page 487 and 488:
480 I SRAEL It must be resident in
Page 489 and 490:
482 I SRAEL of directors) by the in
Page 491 and 492:
484 I SRAEL — An Israeli resident
Page 493 and 494:
486 I SRAEL (h) The 5% rate applies
Page 495 and 496:
488 I TALY International Tax Servic
Page 497 and 498:
490 I TALY A. At a glance Corporate
Page 499 and 500:
492 I TALY derived from disposals o
Page 501 and 502:
494 I TALY Italian parent companies
Page 503 and 504:
496 I TALY and losses of its foreig
Page 505 and 506:
498 I TALY Provisions. Italian tax
Page 507 and 508:
500 I TALY shareholders. As a resul
Page 509 and 510:
502 I TALY are permitted unless exp
Page 511 and 512:
504 I TALY Mergers and acquisitions
Page 513 and 514:
506 I TALY France: more than 10% of
Page 515 and 516:
508 I TALY - JAMAICA (nn) The lower
Page 517 and 518:
510 JAMAICA and international tradi
Page 519 and 520:
512 JAMAICA and industrial activiti
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514 JAMAICA - JAPAN Management Divi
Page 523 and 524:
516 JAPAN Business Tax Advisory Yuk
Page 525 and 526:
518 JAPAN 1 January 2009 through 31
Page 527 and 528:
520 JAPAN ally equals 7% of the cos
Page 529 and 530:
522 JAPAN transactional net margin
Page 531 and 532:
524 JAPAN (e) Interest paid to a Sw
Page 533 and 534:
526 J ERSEY (e) A 20% rate applies
Page 535 and 536:
528 J ERSEY European Union Savings
Page 537 and 538:
530 J ERSEY - JORDAN Related-party
Page 539 and 540:
532 J ORDAN Foreign tax relief. For
Page 541 and 542:
534 K AZAKHSTAN The chapter below r
Page 543 and 544:
536 K AZAKHSTAN The amount of incom
Page 545 and 546:
538 K AZAKHSTAN Nature of tax Rate
Page 547 and 548:
540 K AZAKHSTAN - KENYA (d) Under c
Page 549 and 550:
542 K ENYA a company’s financial
Page 551 and 552:
544 K ENYA - KOREA Transfer pricing
Page 553 and 554:
546 KOREA (d) This tax is imposed o
Page 555 and 556:
548 KOREA Dividends paid to foreign
Page 557 and 558:
550 KOREA D. Other significant taxe
Page 559 and 560:
552 KOREA - KUWAIT Dividends Intere
Page 561 and 562:
554 K UWAIT on behalf and for the a
Page 563 and 564:
556 K UWAIT (KFTZ) in the vicinity
Page 565 and 566:
558 K UWAIT investment trustees and
Page 567 and 568:
560 K UWAIT Aggregation of income.
Page 569 and 570:
562 K UWAIT Salaries paid to expatr
Page 571 and 572:
564 K UWAIT Dividends Interest Roya
Page 573 and 574:
566 L AOS The accounts of a branch
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568 L AOS Assets Annual rate (%) Bu
Page 577 and 578:
570 L ATVIA (b) No withholding tax
Page 579 and 580:
572 L ATVIA Institution Law) as of
Page 581 and 582:
574 L ATVIA Nature of tax Rate (%)
Page 583 and 584:
576 L ATVIA - LEBANON (m) The 5% ra
Page 585 and 586:
578 L EBANON The total value of pro
Page 587 and 588:
580 L EBANON Minimum Maximum Assets
Page 589 and 590:
582 L EBANON - LESOTHO E. Miscellan
Page 591 and 592:
584 L ESOTHO - LIBYA expenses must
Page 593 and 594:
586 L IBYA Oil companies are subjec
Page 595 and 596:
588 L IBYA - LIECHTENSTEIN F. Tax t
Page 597 and 598:
590 L IECHTENSTEIN Dividends. Divid
Page 599 and 600:
592 L IECHTENSTEIN - LITHUANIA (e)
Page 601 and 602:
594 L ITHUANIA International teleco
Page 603 and 604:
596 L ITHUANIA A 15% withholding ta
Page 605 and 606:
598 L ITHUANIA Under the straight-l
Page 607 and 608:
600 L ITHUANIA on an arm’s length
Page 609 and 610:
602 L UXEMBOURG Principal Tax Conta
Page 611 and 612:
604 L UXEMBOURG Existing 1929 holdi
Page 613 and 614:
606 L UXEMBOURG tax or an entity re
Page 615 and 616:
608 L UXEMBOURG subject to withhold
Page 617 and 618:
610 L UXEMBOURG Nature of tax Rate
Page 619 and 620:
612 L UXEMBOURG (a) The 5% rate (Ne
Page 621 and 622:
614 M ACAU complementary tax on the
Page 623 and 624:
616 M ACAU Asset Transport equipmen
Page 625 and 626:
618 M ACEDONIA Principal Tax Contac
Page 627 and 628:
620 M ACEDONIA assets are shorter t
Page 629 and 630:
622 M ACEDONIA Debt-to-equity ratio
Page 631 and 632:
624 Madagascar (Country code 261) A
Page 633 and 634:
626 M ADAGASCAR Inventories. Invent
Page 635 and 636:
628 M ALAWI Withholding Tax Rate (%
Page 637 and 638:
630 M ALAWI Withholding Tax Exempti
Page 639 and 640:
632 M ALAWI Livestock may be valued
Page 641 and 642:
634 M ALAWI - MALAYSIA Nature of ta
Page 643 and 644:
636 M ALAYSIA Ernst & Young (88) 23
Page 645 and 646:
638 M ALAYSIA Labuan international
Page 647 and 648:
640 M ALAYSIA Companies Act. This a
Page 649 and 650:
642 M ALAYSIA shareholders of that
Page 651 and 652:
644 M ALAYSIA Dividends (a) Interes
Page 653 and 654:
646 M ALDIVES - MALTA Nature of tax
Page 655 and 656:
648 M ALTA Employment and training.
Page 657 and 658:
650 M ALTA or for a time, a tenemen
Page 659 and 660:
652 M ALTA its Foreign Income Accou
Page 661 and 662:
654 M ALTA Foreign tax relief. Unde
Page 663 and 664:
656 M ALTA and end on the same date
Page 665 and 666:
658 M ALTA - MAURITANIA Albania Per
Page 667 and 668:
660 M AURITANIA Provisions. In dete
Page 669 and 670:
662 M AURITIUS Implement an approve
Page 671 and 672:
664 M AURITIUS is exempt from incom
Page 673 and 674:
666 M AURITIUS Tax depreciation. No
Page 675 and 676:
668 M AURITIUS E. Miscellaneous mat
Page 677 and 678:
670 M AURITIUS - MEXICO Mauritius h
Page 679 and 680:
672 M EXICO Business Tax Advisory H
Page 681 and 682:
674 M EXICO IETU is levied on the d
Page 683 and 684:
676 M EXICO E. Miscellaneous matter
Page 685 and 686:
678 M EXICO - MOLDOVA The recipient
Page 687 and 688:
680 M OLDOVA The company does not h
Page 689 and 690:
682 M OLDOVA Exemption from corpora
Page 691 and 692:
684 M OLDOVA Nature of tax Rate (%)
Page 693 and 694:
686 M OLDOVA - MOROCCO A These are
Page 695 and 696:
688 M OROCCO Other exploitation inc
Page 697 and 698:
690 M OROCCO Taounate Taourirt Tata
Page 699 and 700:
692 M OROCCO Groups of companies. M
Page 701 and 702:
694 M OROCCO Dividends Interest Roy
Page 703 and 704:
696 M OZAMBIQUE lishment in Mozambi
Page 705 and 706:
698 M OZAMBIQUE Provisions. Provisi
Page 707 and 708:
700 NAMIBIA (c) Applicable to nonre
Page 709 and 710:
702 NAMIBIA Provisions. Deductible
Page 711 and 712:
704 NAMIBIA - NETHERLANDS Russian F
Page 713 and 714:
706 N ETHERLANDS Rienk Kamphuis +1
Page 715 and 716:
708 N ETHERLANDS Ernst & Young (88)
Page 717 and 718:
710 N ETHERLANDS Net Operating Loss
Page 719 and 720:
712 N ETHERLANDS Interest is charge
Page 721 and 722:
714 N ETHERLANDS sures, a reduction
Page 723 and 724:
716 N ETHERLANDS Participation exem
Page 725 and 726:
718 N ETHERLANDS loan to a subsidia
Page 727 and 728:
720 N ETHERLANDS ever, for 2009 and
Page 729 and 730:
722 N ETHERLANDS The loan is grante
Page 731 and 732:
724 N ETHERLANDS Dividends (b) Inte
Page 733 and 734:
726 N ETHERLANDS - NETHERLANDS A NT
Page 735 and 736:
728 N ETHERLANDS A NTILLES apply to
Page 737 and 738:
730 N ETHERLANDS A NTILLES ments if
Page 739 and 740:
732 N ETHERLANDS A NTILLES Advantag
Page 741 and 742:
734 N EW Z EALAND Business Tax Advi
Page 743 and 744:
736 N EW Z EALAND to withhold tax a
Page 745 and 746:
738 N EW Z EALAND calculated at 30/
Page 747 and 748:
740 N EW Z EALAND Exempt income. Th
Page 749 and 750:
742 N EW Z EALAND making company mu
Page 751 and 752:
744 N EW Z EALAND hold interests in
Page 753 and 754:
746 N EW Z EALAND Dividends Interes
Page 755 and 756:
748 N ICARAGUA Human Capital Lisa M
Page 757 and 758:
750 N ICARAGUA at the normal corpor
Page 759 and 760:
752 N IGERIA Principal Tax Contact
Page 761 and 762:
754 N IGERIA All expenditure necess
Page 763 and 764:
756 N IGERIA A 10% penalty and inte
Page 765 and 766:
758 N IGERIA equipment, the rate is
Page 767 and 768:
760 N IGERIA - NORTHERN M ARIANA I
Page 769 and 770:
762 N ORTHERN M ARIANA I SLANDS The
Page 771 and 772:
764 N ORWAY Gjert Melsom 24-00-25-4
Page 773 and 774:
766 N ORWAY regime, profits derived
Page 775 and 776:
768 N ORWAY maximum. Fixed assets (
Page 777 and 778:
770 N ORWAY Transfer pricing. Norwe
Page 779 and 780:
772 N ORWAY Dividends (a) Normal ra
Page 781 and 782:
774 O MAN it to the Secretary Gener
Page 783 and 784:
776 O MAN Returns. Provisional retu
Page 785 and 786:
778 O MAN The straight-line depreci
Page 787 and 788:
780 PAKISTAN Street address: Eagle
Page 789 and 790:
782 PAKISTAN company’s accounting
Page 791 and 792:
784 PAKISTAN Minimum Tax. Resident
Page 793 and 794:
786 PAKISTAN a particular head of i
Page 795 and 796:
788 PAKISTAN 100%-owned group can f
Page 797 and 798:
790 PAKISTAN Dividends Interest Roy
Page 799 and 800:
792 PALESTINIAN AUTHORITY B. Taxes
Page 801 and 802:
794 PALESTINIAN AUTHORITY - PANAMA
Page 803 and 804:
796 PANAMA Net taxable income resul
Page 805 and 806:
798 PANAMA In addition, the buyer i
Page 807 and 808:
800 PANAMA C. Determination of trad
Page 809 and 810:
802 PANAMA - PAPUA N EW G UINEA E.
Page 811 and 812:
804 PAPUA N EW G UINEA and manageme
Page 813 and 814:
806 PAPUA N EW G UINEA they are inc
Page 815 and 816:
808 PAPUA N EW G UINEA Payments to
Page 817 and 818:
810 PAPUA N EW G UINEA - PARAGUAY p
Page 819 and 820:
812 PARAGUAY Administration. The ta
Page 821 and 822:
814 P ERU Indirect Tax David de la
Page 823 and 824:
816 P ERU deadline for filing their
Page 825 and 826:
818 P ERU Maximum Asset rate (%) Ma
Page 827 and 828:
820 P ERU Resale price method Profi
Page 829 and 830:
822 P HILIPPINES International Tax
Page 831 and 832:
824 P HILIPPINES Type of income Rat
Page 833 and 834:
826 P HILIPPINES clearly reflect in
Page 835 and 836:
828 P HILIPPINES F. Treaty withhold
Page 837 and 838:
830 P HILIPPINES - POLAND (s) The 1
Page 839 and 840:
832 P OLAND Business Tax Advisory K
Page 841 and 842:
834 P OLAND the recipient is not su
Page 843 and 844:
836 P OLAND The taxable income of t
Page 845 and 846:
838 P OLAND A description of the bu
Page 847 and 848:
840 P OLAND Dividends Interest Roya
Page 849 and 850:
842 P ORTUGAL Principal Tax Contact
Page 851 and 852:
844 P ORTUGAL Resident entities. Co
Page 853 and 854:
846 P ORTUGAL They must have a valu
Page 855 and 856:
848 P ORTUGAL total of the estimate
Page 857 and 858:
850 P ORTUGAL For companies with a
Page 859 and 860:
852 P ORTUGAL Asset Rate (%) Commer
Page 861 and 862:
854 P ORTUGAL A Portuguese resident
Page 863 and 864:
856 P ORTUGAL Dividends Interest Ro
Page 865 and 866:
858 P UERTO R ICO San Juan GMT -4 E
Page 867 and 868:
860 P UERTO R ICO 0% to 1%. The 200
Page 869 and 870:
862 P UERTO R ICO Deductions for AC
Page 871 and 872:
864 P UERTO R ICO - QATAR Foreign-e
Page 873 and 874:
866 Q ATAR Whether the project fall
Page 875 and 876:
868 Q ATAR or directors’ fees. Co
Page 877 and 878:
870 Q ATAR are normally allowed onl
Page 879 and 880:
872 ROMANIA A. At a glance Corporat
Page 881 and 882:
874 ROMANIA Total annual income Min
Page 883 and 884:
876 ROMANIA The investments and new
Page 885 and 886:
878 ROMANIA subject to a 10% withho
Page 887 and 888:
880 ROMANIA Sponsorship expenses ar
Page 889 and 890:
882 ROMANIA E. Miscellaneous matter
Page 891 and 892:
884 ROMANIA Dividends (ff) Interest
Page 893 and 894:
886 ROMANIA - RUSSIAN F EDERATION A
Page 895 and 896:
888 RUSSIAN F EDERATION St. Petersb
Page 897 and 898:
890 RUSSIAN F EDERATION of Russian
Page 899 and 900:
892 RUSSIAN F EDERATION E. Foreign-
Page 901 and 902:
894 RUSSIAN F EDERATION and if the
Page 903 and 904:
896 RUSSIAN F EDERATION - RWANDA or
Page 905 and 906:
898 RWANDA and recoverable withhold
Page 907 and 908:
900 S AUDI A RABIA Street address:
Page 909 and 910:
902 S AUDI A RABIA Type of payment
Page 911 and 912:
904 S AUDI A RABIA Payments of brib
Page 913 and 914:
906 S AUDI A RABIA The following in
Page 915 and 916:
908 S ENEGAL (FCFA 750,000 if annua
Page 917 and 918:
910 S ENEGAL Nature of tax Rate (%)
Page 919 and 920:
912 S ERBIA B. Taxes on corporate i
Page 921 and 922:
914 S ERBIA Any unused amount can b
Page 923 and 924:
916 S ERBIA Nature of tax Rate (%)
Page 925 and 926:
918 S ERBIA - SEYCHELLES Dividends
Page 927 and 928:
920 S EYCHELLES Inventories. For ta
Page 929 and 930:
922 S INGAPORE Sandie Wun +44 20 79
Page 931 and 932:
924 S INGAPORE Tax incentives, exem
Page 933 and 934:
926 S INGAPORE is subject to tax at
Page 935 and 936:
928 S INGAPORE hands of shareholder
Page 937 and 938:
930 S INGAPORE waived for IP rights
Page 939 and 940:
932 S INGAPORE Nature of tax Rate (
Page 941 and 942:
934 S INGAPORE Singapore does not l
Page 943 and 944:
936 S INGAPORE - SLOVAK R EPUBLIC (
Page 945 and 946:
938 S LOVAK R EPUBLIC General condi
Page 947 and 948:
940 S LOVAK R EPUBLIC Provisions. R
Page 949 and 950:
942 S LOVAK R EPUBLIC Dividends Int
Page 951 and 952:
944 S LOVAK R EPUBLIC - SLOVENIA (v
Page 953 and 954:
946 S LOVENIA Companies must make a
Page 955 and 956:
948 S LOVENIA Tax depreciation. Dep
Page 957 and 958:
950 S LOVENIA the Bank of Slovenia.
Page 959 and 960:
952 S LOVENIA Dividends Interest Ro
Page 961 and 962:
954 S OUTH A FRICA International Ta
Page 963 and 964:
956 S OUTH A FRICA Under complex lo
Page 965 and 966:
958 S OUTH A FRICA Gold mining comp
Page 967 and 968:
960 S OUTH A FRICA The tax authorit
Page 969 and 970:
962 S OUTH A FRICA price paid, excl
Page 971 and 972:
964 S OUTH A FRICA D. Other signifi
Page 973 and 974:
966 S OUTH A FRICA See Section B fo
Page 975 and 976:
968 S PAIN Ernst & Young 915-727-46
Page 977 and 978:
970 S PAIN Ernst & Young 928-380-98
Page 979 and 980:
972 S PAIN wide income. The followi
Page 981 and 982:
974 S PAIN Administration. The tax
Page 983 and 984:
976 S PAIN The Spanish corporate ta
Page 985 and 986:
978 S PAIN newly established enterp
Page 987 and 988:
980 S PAIN The law provides for sec
Page 989 and 990:
982 S PAIN (c) A 10% rate applies t
Page 991 and 992:
984 S PAIN - SRI L ANKA and are in
Page 993 and 994:
986 S RI L ANKA rate of 1.5% on all
Page 995 and 996:
988 S RI L ANKA agricultural produc
Page 997 and 998:
990 S RI L ANKA were contained in a
Page 999 and 1000:
992 S RI L ANKA Nonresident compani
Page 1001 and 1002:
994 S RI L ANKA D. Other significan
Page 1003 and 1004:
996 S RI L ANKA Nature of tax Rate
Page 1005 and 1006:
998 S WAZILAND A. At a glance Corpo
Page 1007 and 1008:
1000 S WAZILAND - SWEDEN F. Treaty
Page 1009 and 1010:
1002 S WEDEN Ernst & Young (40) 24-
Page 1011 and 1012:
1004 S WEDEN Shares held in a compa
Page 1013 and 1014:
1006 S WEDEN Nature of tax Rate (%)
Page 1015 and 1016:
1008 S WEDEN Dividends Royalties (a
Page 1017 and 1018:
1010 S WITZERLAND Ernst & Young (58
Page 1019 and 1020:
1012 S WITZERLAND St. Gallen GMT +1
Page 1021 and 1022:
1014 S WITZERLAND Indirect Tax Bar
Page 1023 and 1024:
1016 S WITZERLAND financial year. T
Page 1025 and 1026:
1018 S WITZERLAND tax law. Each cor
Page 1027 and 1028:
1020 S WITZERLAND capital gains res
Page 1029 and 1030:
1022 S WITZERLAND Foreign-exchange
Page 1031 and 1032:
1024 S WITZERLAND period. Reimburse
Page 1033 and 1034:
1026 S WITZERLAND (d) This rate app
Page 1035 and 1036:
1028 S YRIA Street address: Opposit
Page 1037 and 1038:
1030 S YRIA Administration. The fis
Page 1039 and 1040:
1032 S YRIA C. Determination of tra
Page 1041 and 1042:
1034 S YRIA - TAIWAN Transfer prici
Page 1043 and 1044:
1036 TAIWAN ROC are considered dome
Page 1045 and 1046:
1038 TAIWAN enterprise or tax-exemp
Page 1047 and 1048:
1040 TAIWAN aged separately from th
Page 1049 and 1050:
1042 TAIWAN In addition, supporting
Page 1051 and 1052:
1044 TANZANIA International Tax Ser
Page 1053 and 1054:
1046 TANZANIA Interest is charged f
Page 1055 and 1056:
1048 TANZANIA - THAILAND F. Treaty
Page 1057 and 1058:
1050 T HAILAND Department within 15
Page 1059 and 1060:
1052 T HAILAND Dividends Interest (
Page 1061 and 1062:
1054 T HAILAND - TRINIDAD AND TOBAG
Page 1063 and 1064:
1056 T RINIDAD AND TOBAGO made by 3
Page 1065 and 1066:
1058 T RINIDAD AND TOBAGO 2010, the
Page 1067 and 1068:
1060 T UNISIA AMC Ernst & Young (70
Page 1069 and 1070:
1062 T UNISIA educational, scientif
Page 1071 and 1072:
1064 T UNISIA Dividends (t) Interes
Page 1073 and 1074:
1066 T URKEY Principal Tax Contact
Page 1075 and 1076:
1068 T URKEY with incentive certifi
Page 1077 and 1078:
1070 T URKEY is claimed are recorde
Page 1079 and 1080:
1072 T URKEY For nonresident compan
Page 1081 and 1082:
1074 T URKEY Nature of tax Rate (%)
Page 1083 and 1084:
1076 T URKEY The foreign company is
Page 1085 and 1086:
1078 T URKEY Dividends Interest Roy
Page 1087 and 1088:
1080 U GANDA Net Operating Losses (
Page 1089 and 1090:
1082 U GANDA Class Assets Rate (%)
Page 1091 and 1092:
1084 U KRAINE Withholding Tax (%) D
Page 1093 and 1094:
1086 U KRAINE Quarterly Quarterly d
Page 1095 and 1096:
1088 U KRAINE total annual amount p
Page 1097 and 1098:
1090 U KRAINE Dividends Interest Ro
Page 1099 and 1100:
1092 U KRAINE (u) The 0% rate appli
Page 1101 and 1102:
1094 U NITED A RAB E MIRATES Princi
Page 1103 and 1104:
1096 U NITED A RAB E MIRATES - UNIT
Page 1105 and 1106:
1098 U NITED K INGDOM Claudia De Be
Page 1107 and 1108:
1100 U NITED K INGDOM Robert Lowe,
Page 1109 and 1110:
1102 U NITED K INGDOM Aberdeen, Sco
Page 1111 and 1112:
1104 U NITED K INGDOM Ernst & Young
Page 1113 and 1114:
1106 U NITED K INGDOM Newcastle-upo
Page 1115 and 1116:
1108 U NITED K INGDOM of the compan
Page 1117 and 1118:
1110 U NITED K INGDOM a U.K. indivi
Page 1119 and 1120:
1112 U NITED K INGDOM effective rat
Page 1121 and 1122:
1114 U NITED K INGDOM Antiavoidance
Page 1123 and 1124:
1116 U NITED K INGDOM The primary p
Page 1125 and 1126:
1118 U NITED K INGDOM Residence of
Page 1127 and 1128:
1120 U NITED K INGDOM - UNITED S TA
Page 1129 and 1130:
1122 U NITED S TATES Debra Taylor,
Page 1131 and 1132:
1124 U NITED S TATES Motti Tagar, I
Page 1133 and 1134:
1126 U NITED S TATES Glenn Leishner
Page 1135 and 1136:
1128 U NITED S TATES Chris Faiferli
Page 1137 and 1138:
1130 U NITED S TATES Frank A. Carat
Page 1139 and 1140:
1132 U NITED S TATES Scott C. Shel
Page 1141 and 1142:
1134 U NITED S TATES Chicago, Illin
Page 1143 and 1144:
1136 U NITED S TATES International
Page 1145 and 1146:
Page 1147 and 1148:
1140 U NITED S TATES Kansas City, M
Page 1149 and 1150:
Page 1151 and 1152:
1144 U NITED S TATES Ernst & Young
Page 1153 and 1154:
Page 1155 and 1156:
Page 1157 and 1158:
1150 U NITED S TATES Barbara Angus
Page 1159 and 1160:
1152 U NITED S TATES Interest 30 (c
Page 1161 and 1162:
1154 U NITED S TATES C. Determinati
Page 1163 and 1164:
1156 U NITED S TATES in “U.S. pro
Page 1165 and 1166:
1158 U NITED S TATES among the lead
Page 1167 and 1168:
1160 U NITED S TATES Dividends Inte
Page 1169 and 1170:
1162 U NITED S TATES (x) The 4.9% r
Page 1171 and 1172:
1164 U.S. Virgin Islands Please dir
Page 1173 and 1174:
1166 U.S. VIRGIN I SLANDS Domestic
Page 1175 and 1176:
1168 U RUGUAY Royalties 12 (a)(b) E
Page 1177 and 1178:
1170 U RUGUAY - UZBEKISTAN Nature o
Page 1179 and 1180:
1172 U ZBEKISTAN Nature of payment
Page 1181 and 1182:
1174 U ZBEKISTAN Nature of tax Rate
Page 1183 and 1184:
1176 U ZBEKISTAN - VENEZUELA (a) Th
Page 1185 and 1186:
1178 V ENEZUELA Interest Paid to Re
Page 1187 and 1188:
1180 V ENEZUELA Taxable income Exce
Page 1189 and 1190:
1182 V ENEZUELA Nature of tax Rate
Page 1191 and 1192:
1184 V ENEZUELA Switzerland, to ben
Page 1193 and 1194:
1186 V ENEZUELA - VIETNAM (oo) The
Page 1195 and 1196:
1188 V IETNAM A 10% rate applies fo
Page 1197 and 1198:
1190 V IETNAM provided by the Law o
Page 1199 and 1200:
1192 V IETNAM Nature of tax Rate (%
Page 1201 and 1202:
1194 Zambia (Country code 260) Lusa
Page 1203 and 1204:
1196 Z AMBIA tax. The amount of the
Page 1205 and 1206:
1198 Z IMBABWE Harare GMT +2 Ernst
Page 1207 and 1208:
1200 Z IMBABWE Rates of corporate t
Page 1209 and 1210:
1202 Z IMBABWE Withholding taxes th
Page 1211 and 1212:
1204 Z IMBABWE Nature of tax Rate (
Page 1214 and 1215:
Contacts for emerging markets For i
Page 1216:
C ONTACTS FOR E MERGING M ARKETS 12
Page 1219 and 1220:
1212 F OREIGN C URRENCIES Country C
Page 1221 and 1222:
1214 F OREIGN C URRENCIES Country C
Page 1223 and 1224:
1216 I NDEX OF I NTERNATIONAL TAX C
Page 1225 and 1226:
Page 1227 and 1228:
Page 1229 and 1230:
Page 1231 and 1232:
Page 1233 and 1234:
Page 1235 and 1236:
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Page 1239:
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