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Taxation in Cyprus, is levied by both central and local governments. Tax revenue stood at 39.2% of GDP in 2012.〔(Index of Economic Freedom ), Heritage Foundation. Note: Tax revenue as a percentage of GDP was obtained from the individual country pages, under the "Fiscal Freedom" section. These numbers change. Please update the numbers for individual countries in the list.〕 The most important revenue sources are the income tax, social security, value-added tax and corporate tax, and are all collected by the central government. Income taxes is levied on a progressive rate. Current brackets vary from 0% to 35% in the tax rates for 2014. Furthermore, various tax allowances apply for trade union fees, donation to charities. The Tax for the year 2014: Employment income is also subject to various social security contributions. Contributions are subject to a ceiling, for the year 2014 the maximum amount of insurable earnings has been set to €54396 per year. Employee pay 7.8% of wage and employer contribute 11.5% of corresponding wage. Value-added tax apply the most sale of goods and services. The standard rate apply at 19% in 2014, up from 17% since 2013. A lower rate of 9% apply groceries, books and hotel services. The Cyprus VAT is part of the European Union value added tax system. Certain goods and services are exempt from VAT. This include export, financial services, rent etc. Corporate taxes are levied at a rate of 12.5%. Various deductions apply including interest cost of buying other companies, and employers cost to social security. ==References== 〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Taxation in Cyprus」の詳細全文を読む スポンサード リンク
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