Taxation in Canada

The deadline for the filing of income tax returns for 2022 has been extended to July 31, following a decision by the Deputy Minister for Taxation Policy and Public Property Apostolos Vesyropoulos.

Moreover, the payment deadline for the first tax instalment remains July 31.

The process of transferring real estate is being gradually simplified with the abolition of certificates and the gradual activation of the electronic system implemented by the Ministry of Digital Governance.

The tax administration has just abolished the certificate on nonpayment of inheritance tax on real estate purchases.

The British island, located off the coast of France, has no capital gains or inheritance tax

There are more than 1,000 persons from abroad, who transferred their tax residence to Greece after the provision of tax incentives that provide for the payment of half income tax and half solidarity contribution for 7 years.

The Finance Ministry has decided to extend the deadline of road tax payment by two months, to February 26, as part of the measures aimed at supporting households and enterprises battered by the pandemic.

All incomes from a series of sources should be taxed in the same way, according to an action plan prepared by the committee of experts led by Nobel Laureate Sir Christopher Pissarides.

Lawmakers were presented on Tuesday with a draft bill introducing a set of incentives aimed at enticing Greeks based abroad as well as foreign taxpayers and self-employed professionals to transfer their tax domicile to Greece.

Turkey's retail sales volume with constant prices fell 0.8% year-on-year in June, the Turkish Statistical Institute (TÜİK) announced on Aug. 14. 

"In the same month food, drinks and tobacco sales increased by 3.0%," TÜİK said.

Excluding automotive fuel, non-food sales dropped 2.8%, while automotive fuel sales slipped 0.9% over the same period.

Apart from the reduction of the corporate income tax from 28 to 24 percent and the halving of the tax on dividends from 10 to 5 percent, the government's draft tax bill includes a number of other incentives aimed at encouraging entrepreneurship, attracting highly skilled workers in Greece and bolstering investment activity to accelerate growth.

The government's intention to legislate tax-easing measures and incentives for investments has cultivated great expectations among property market professionals.