Saturday, November 3, 2007

Moving from one tax paradise to another one.

On Wednesday I finished my 15 months stay in Athens. If you look at Greek taxation for capital gains it is not so bad. For sure better than taxes in Central European countries. Greek tax residents are paying 0% from capital gains achieved at Athens Stock Exchange and 20% from stock exchanges outside Greece. I like this fix rate compared to bloody progressive taxation in Central Europe (in Czech Republic up to 32%). And dividends are tax exempt for Greeks.

Well, I moved to Bulgaria for 11 months. And let me call this country tax paradise for traders. Because you have tax exempt capital gains from shares (I mean difference between sell buy prices). Dividend taxes are 7%.

Comments

2 Responses to "Moving from one tax paradise to another one."

APP Funds said... November 3, 2007 at 9:12 PM

Poland 19 % , dividends 20 %.

There are some rumours that capital gains tax will be abolished in 2009.

Vlada, Czech Republic said... November 3, 2007 at 11:02 PM

That would be very good. For example in Czech Republic we have rule that keeping stocks exceeding 6 months is tax exempt. But new government tried to push this period to 10 years. Fortunately it was refused.