Individuals may be liable to the following taxes during the tax year:

• Income tax on employment income, business operating as a sole trader or member of a partnership
• Capital gains tax on gain arising on disposal of immovable property
• Social insurance contributions, special defense contribution on income derived from rent, interest or dividends
• Special defense contribution on income received from rent, interest or dividends
• Value added tax as the supplier of goods and services or as the final consumer of goods and services
• General healthcare system (GESY) contributions as an employee, sole trader or employer

A company is a legal entity that is legally separate from its owners (shareholders). The directors of the company are liable for the following taxes:

• Corporate income tax on chargeable income
• Capital gains tax on immovable property disposed by the company
• Social insurance contributions
• General healthcare system (GESY) contributions as employer for its employees and directors
• PAYE as employer
• Special defense contribution on rent and interest received under certain conditions
• VAT on the supply of goods/services or as a final consumer of goods/services