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Tax overview for Forex Traders

  • #1
  • First Post: Edited Jul 1, 2017 3:31am Jun 26, 2017 12:24pm | Edited Jul 1, 2017 3:31am
Hello everyone,

I'm starting this threat to make an overview of how much people are paying tax in different countries all over the world.

(This counts for 2017)
In Denmark where i live, were paying 27% of the first 51.700 DKK, if youre a single person and 42% of the rest of what you have earned during one year.

If you're married you are paying 27% of 2 x 51.700 = 103.400 DKK and 42% of the rest of what you have earned during one year.

How much do you pay in your country? Please let med know, i want to make at list.
Blindly following others will make you blind!
  • #2
  • Edited 1:36pm Jun 26, 2017 1:15pm | Edited 1:36pm
Germany: ~ 28,5% (25% income tax, 5,5% emergency contribution, 8% church tax)
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #3
  • Jun 26, 2017 1:34pm Jun 26, 2017 1:34pm
Quoting michisuperfr
Germany: ~ 28,5% (25% income tax, 5,5% emergency contribution, 8% church tax)
Thx.

Church 8% is only if you is born in Germany or for everyone?
Blindly following others will make you blind!
  • #4
  • Jun 26, 2017 1:40pm Jun 26, 2017 1:40pm
Do you ask from the standpoint of an employee or a trader? It is very different in Hungary.

If you are a trader, you pay 15% of your profits, and you pay social insurance, which is around 25$ per month.

If you are an employee, you pay about 42% of your total wage all together.

So yeah, it worth to be a trader here.
Price and volume reveals everything. The market moves on supply and demand.
  • #5
  • Jun 26, 2017 1:58pm Jun 26, 2017 1:58pm
For South Africa. Income Tax Table. 1USD = R12.80
Attached Image

Plus 14%VAT (Sales Tax)

Pity we get nothing for it.
  • #6
  • Jun 26, 2017 2:01pm Jun 26, 2017 2:01pm
Quoting Darastonius
Do you ask from the standpoint of an employee or a trader? It is very different in Hungary. If you are a trader, you pay 15% of your profits, and you pay social insurance, which is around 25$ per month. If you are an employee, you pay about 42% of your total wage all together. So yeah, it worth to be a trader here.
Thx.

A traders standpoint
Blindly following others will make you blind!
  • #7
  • Jun 26, 2017 2:01pm Jun 26, 2017 2:01pm
Quoting derekw
For South Africa. Income Tax Table. 1USD = R12.80 {image} Plus 14%VAT (Sales Tax) Pity we get nothing for it.
Thx.
Blindly following others will make you blind!
  • #8
  • Jun 26, 2017 3:49pm Jun 26, 2017 3:49pm
Malaysia~
Income generated outside Malaysia (forex,stock,investments etc) is tax-free (individual income tax).
  • #9
  • Jun 26, 2017 7:18pm Jun 26, 2017 7:18pm
Quoting Hairi
Malaysia~ Income generated outside Malaysia (forex,stock,investments etc) is tax-free (individual income tax).
Ok very interesting

Thx.
Blindly following others will make you blind!
  • #10
  • Edited 4:02am Jun 27, 2017 3:34am | Edited 4:02am
Quoting Georgebaker
{quote} Thx. Church 8% is only if you is born in Germany or for everyone?
Hi,

it only depends if you're registered in a religious congregation here (Catholic, Jew, Protestant)
One can sign oneself out and then you don't have to pay the church tax.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #11
  • Jun 27, 2017 5:07am Jun 27, 2017 5:07am
Quoting michisuperfr
{quote} Hi, it only depends if you're registered in a religious congregation here (Catholic, Jew, Protestant) One can sign oneself out and then you don't have to pay the church tax.
Ok, it's the same here in DK. Thx.
Blindly following others will make you blind!
  • #12
  • Jun 27, 2017 5:14am Jun 27, 2017 5:14am
If yor in the UK you pay tax on yor income , tax on yor property, tax on your car, tax on yor purchases, infact its just tax tax tax and more tax
Follow The Markets Structure - Patience and Discipline
  • #13
  • Last Post: Jun 27, 2017 5:47am Jun 27, 2017 5:47am
Quoting pipfarm
If yor in the UK you pay tax on yor income , tax on yor property, tax on your car, tax on yor purchases, infact its just tax tax tax and more tax
Just like in DK
Blindly following others will make you blind!
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