Module VI·Article I·~1 min read
Types of Taxes
Taxation
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Types of taxes
Income tax — tax on income (salary, interest, dividends depending on the jurisdiction)
Capital gains tax (short-term, long-term) — tax on profit from sale (USA: short-term = as income, long-term = lower)
Dividend tax — tax on dividends (may be lower than income tax)
Estate tax / Inheritance tax — tax on inheritance (calculated upon transfer to the heir)
Gift tax — tax on gifts (in some countries higher than inheritance)
Wealth tax — tax on wealth (rare, but exists: real estate, jewelry)
Corporate tax — company profit tax (in UAE 9%, in USA ~21%, in EU 15%-30%)
Withholding tax — tax at the source (for example, a bank withholds 13% tax from dividends)
VAT / GST — value-added tax (20% in EU, 7% in UAE)
Stamp duty — transaction tax (for example, 4% when buying real estate in Dubai)
Transfer tax — tax on transfer (upon sale, inheritance, etc.)
Exit tax — tax upon leaving a country or renouncing residency
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