Every company has its own set of tax obligations depending on the country and region it operates in. In general, businesses need to be aware of several key taxes. VAT (Value-Added Tax) is one of them, which applies when goods or services are sold. The rate can vary from 5% to 20%, depending on the product or service type. Income tax is another major component, typically ranging from 15% to 39% for corporate entities. Property tax is levied on owned real estate, often at a fixed percentage of the property's assessed value. Additionally, companies may face excise duties on specific goods like alcohol, tobacco, and fuel. Payroll taxes are also crucial as they fund social security systems and can range from 10% to 30%. Understanding these rates and obligations is essential for compliance and efficient financial planning. 💡 Ensure you consult with a tax professional to stay updated with any changes! 🚀