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Capital:
Кардифф
Form of government:
Constitutional monarchy
Area:
20 779 км2
Population:
3 million
Currency:
Фунт стерлингов

Taxation in Wales

Tax system

Great Britain has signed double taxation agreements with a number of independent states. If the rights of non-residents are obtained, the company has the opportunity to reduce significantly its tax burden. The status of a non-resident is possible for those enterprises that conduct their actual activities outside the UK, where they receive their basic income.

A profitable system of taxation is provided for international partnerships (limited partnership) without obligation to pay income tax and to submit annual financial statements. At the same time, the level of economic reliability and legal security of international business in Wales makes the jurisdiction very attractive for the investors.