International taxation Introduction
Master of International Business 21 -23 October, 2014 St Petersburg Basics of Tax System Typical taxes are: Customs Indirect taxes Consumption taxes Taxes on mineral oil, cigarettes, coffee, alcohol, beer, energy Value Added Tax (VAT)/Sales Tax Direct taxes Income Tax (for individuals) Corporate Income Tax (CIT – for corporations) Surcharges (in Germany: Solidarity surcharge) Net value tax (not in Germany) Municipal Taxes (in Germany – trade tax) Other Taxes Master of International Business 21 -23 October, 2014 St Petersburg Basics of Tax System Basic distinction between Taxation of individuals applicable taxes: income tax, trade tax, solidarity surcharge Taxation of partnerships applicable taxes: trade tax, but not income tax (if treated as transparent) In Russia: treated as corporations Taxation of corporations Applicable taxes: corporate income tax, trade tax, solidarity surcharge