EAST TIMOR #120

EAST TIMOR #120
VALUE RANKING NOTES
TAXATION TOP TAX RATE PLACE AMONG COUNTRIES NOTES
INCOME TAX 30% #92/196 PROGRESSIVE TAX RATES
CORPORATE TAX 10% #7/196 FLAT TAX
CAPITAL GAINS TAX 30% #128/188 TAXED AT INCOME TAX RATE
VALUE ADDED TAX 12% #35/197
SIMPLE AVERAGE MOST-FAVORED-NATION TARIFF 2.5% #76/186
INHERITANCE TAX 0% #1/178
INTERNATIONAL TAXATION YES / NO # OF COUNTRIES - YES / NO NOTES
WORLD INCOME TAXABLE FOR CITIZEN RESIDENTS YES 148 YES/47 NO RESIDENTIAL TAXATION
WORLD INCOME TAXABLE FOR FOREIGN RESIDENTS YES 142 YES/53 NO RESIDENTIAL TAXATION
LOCAL INCOME TAXABLE FOR NON-RESIDENTS YES 178 YES/17 NO TERRITORIAL TAXATION
LEGAL PROTECTION 1 = MOST FAVORABLE PLACE AMONG COUNTRIES NOTES
STRENGTH OF LEGAL RIGHTS 0.11 #174/187
STRENGTH OF INVESTOR PROTECTION 0.34 #138/184
INVESTMENT FREEDOM YES / PARTIALLY / NO # OF COUNTRIES YES/PARTIALLY/NO NOTES
FREELY CONVERTIBLE CURRENCY YES 53 Y/20 P/125 N USD USER
FOREIGN FREEHOLD PROPERTY OWNERSHIP NO 109 Y/18 P/71 N
COST OF LIVING 1 = MOST FAVORABLE PLACE AMONG COUNTRIES NOTES
COST OF LIVING 0.76 #112/190 CHEAPER THAN US (US = 0.42)
INFLATION RATE PLACE AMONG COUNTRIES NOTES
AVERAGE ESTIMATED ANNUAL INFLATION FOR 2011-2018 9% #177/195 OPTIMAL RANGE IS 1.50 - 2.50%
Countries within the optimal inflation range (1.5-2.5%) are ranked highest, while countries with inflation rates lower or higher than 1.5-2.5% are ranked lower. For details on how countries are ranked according to their inflation rates, please click on "Inflation" in the first column of this table or select "By Indicator - Inflation" in the menu bar.
Sources are indicator-specific and can be accessed through the "By-Indicator" section or through the indicator links in the first column of this table.
The reciprocity principle states that foreigners are only allowed to invest in freehold property when locals are allowed to do the same in the foreigner's country of origin.