From Latin assessment, a assessment is a load (an obligation, tax or tribute that is applied to a property, a wealth or an asset and the use made of these). It is known as lien type to rate that is applied to the tax base and that supposes the tax rate. This rate can be fixed or variable and is expressed as a percentage.
The specific application of the term will depend on the branch of right in question. Tax can have different meanings depending on whether it is a matter civil, fiscal, trade or from another field.
In general, it can be said that the levy is a tax on income or profits. It is a burden placed on the person or yet well. Income tax, in this sense, is a levy.
In the case of Spain, for example, we can establish that there are two large groups when it comes to classifying the aforementioned taxes. In the first place, there would be the general tax that establishes 30% of the Corporation Tax and in the second place there would be the special taxes.
In the last mentioned category we would come across eight different types that refer to different areas and sectors. Thus, for example, we find the fact that a 0% is established for pension funds, a rate of 1% for real estate investment companies or for the public regulation fund referring to the real estate sector, or a 10% rate for non-profit entities as well as tax incentives for patronage.
The 20% for protected cooperative societies, the 25% rate for professional associations or confederations of cooperatives and the 35% tax rate for entities in charge of underground storage of hydrocarbons are other types of tax that currently exist in Spain.
But are not the only ones. In the same way, it must be emphasized that there are reduced tax rates for what is the case of job maintenance or creation, as well as for what refers to incentivizing small companies.
However, do not overlook the fact that the government can carry out the changes it deems appropriate in terms of taxation.
A government You can, for example, levy a luxury car tax at a rate of 20%. The first thing to determine is what is meant by a luxury car (it could be cars with a market value of more than $ 100,000). If a car that costs $ 150,000 is taxed at 20%, the consumer must pay $ 180,000. Of that total, $ 30,000 will go to the coffers of the State.
Like any type of tax, these levies do not require direct consideration by whoever demands it (in our example, the State). Its function is to finance the creditor’s expenses.