THE RETIREMENT SYSTEM. FISCAL AND METHODOLOGICAL ASPECTS
Currently, in most countries, but particularly in European and in the more developed world, heated discussions about reforming the current pension system. To address adequately the taxation of pension incomes in our country is very important to know and how this issue is regulated in different count...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Petrosani
2013-10-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | http://www.upet.ro/annals/economics/pdf/2013/part1/Nedelut-Ungureanu.pdf |
| Summary: | Currently, in most countries, but particularly in European and in the more developed world, heated discussions about reforming the current pension system. To address adequately the taxation of pension incomes in our country is very important to know and how this issue is regulated in different countries, but especially the European ones in the developed world. In terms of taxation of pensions, European countries are divided into three groups: 1. European countries where pension income is not taxed: Bulgaria, Slovakia and Lithuania. 2. European countries where pension income is subject to progressive taxation: Belgium, Cyprus, Greece, Finland, France, Ireland, Luxembourg, Malta, United Kingdom, Norway (not EU member), the Netherlands and Spain. 3. European countries where pension income is taxed based flat: Austria, Estonia, Germany, Latvia, Portugal, Romania, Sweden, Slovenia and Hungary. |
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| ISSN: | 1582-5949 2247-8620 |