The retention tax was set up by the EU in 2005 to prevent individual investors from avoiding taxes on their income by investing their money in other countries. The rates are scaling, and will rise to a level of 35% by 2011.
Investment dictionary. Academic. 2012.
Deposit Interest Retention Tax — (DIRT) is a form of tax on interest earned on bank accounts in Republic of Ireland that was first introduced in the 1980s. In Ireland, income from any source is reckonable for taxation purposes. The Revenue Commissioners believed that the large… … Wikipedia
deposit interest retention tax — noun In Ireland, a tax on interest from savings … Wiktionary
Retention period — The retention period of a document is an aspect of records management. It represents the period of time a document should be kept or retained . At the termination of the retention period, the document is usually destroyed. The term is generally… … Wikipedia
Withholding tax — is an amount withheld by the party making payment to another (payee) and paid to the taxation authorities. The amount the payer deducts may vary, depending on the nature of the product or service being paid for. The payee is assessed on the gross … Wikipedia
Tax retention — Not yet defined … International financial encyclopaedia
European Union withholding tax — The so called European Union withholding tax is a withholding tax which is deducted from interest earned by European Union residents on their investments made in another member state, by the state in which the investment is held. (The European… … Wikipedia
Telecommunications data retention — In the field of telecommunications, data retention (or data preservation) generally refers to the storage of call detail records (CDRs) of telephony and internet traffic and transaction data (IPDRs) by governments and commercial organisations. In … Wikipedia
Bush tax cuts — Part of a series of articles on Unit … Wikipedia
Labour and tax laws in Iran — govern the employment and fiscal contributions of people working and living in Iran. Roughly one fourth of Iran s labour forc is engaged in manufacturing and construction. Another one fifth is engaged in agriculture, and the remainder are divided … Wikipedia
withholding tax — A method of implementing the pay as you go system of paying income tax on wages and salaries, employers being required to withhold a portion of each salary or wage payment due an employee and turn it over to the government, the employee taking… … Ballentine's law dictionary
