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Income tax on Freelance translators
Thread poster: Saleh Chowdhury, Ph.D.

Saleh Chowdhury, Ph.D.  Identity Verified
Bangladesh
Local time: 21:18
Member (2004)
English to Bengali
+ ...
Sep 19, 2004

I would like to know about the income tax on Freelance Translators of the following countries: Canada, Australia, Malaysia, Norway, Sweden, Denmark and Finland.
Any information would be highly appreciated.

Thanks in Advance.
Saleh


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Per Riise  Identity Verified
Norway
Local time: 17:18
Member (2003)
English to Norwegian
+ ...
Norwegian income tax Sep 19, 2004

36 per cent up to approx. NOK340,000, then 49 per cent.

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Nigel Skipper
Local time: 17:18
Swedish to English
Swedish income tax Sep 20, 2004

You could write a book about the various effects of Swedish income tax on a self-employed person (in fact several books!). The Swedish taxation authority RSV (Riksskatteverket) has a very complete (if not easily navigatable) home page in English that will tell you absolutely everything about paying tax in Sweden, however some guidance from an experienced accountant is a must - there are lots of exceptions and exemptions.

But, to give you a really simple answer, you can recon on keeping about half of your total PROFIT, that is, income minus expenses - and this is where it become difficult, because the ways around reducing your "profit" are many! Sorry I can't be more exact, but you also have to take into account what sort of pension level you want to have in the future and how much you will get in sick-pay (are self employees ever sick??) - it's a real minefield.

Go in to:

http://skatteverket.se/

and click on the map of the world in the top right hand corner.

Best of luck,

//Nigel Skipper


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xxxPRen  Identity Verified
Local time: 11:18
French to English
+ ...
Check this website Sep 20, 2004

For Canada, go to:

http://www.cra-arc.gc.ca/tax/menu-e.html

I'm sure you can find the information you're seeking.

Paula


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jmadsen  Identity Verified
Local time: 17:18
Danish Income Tax Sep 21, 2004

In Denmark we have progressive taxation.
The taxation scheme is very complicated, but I'll give it a try:

Personal allowance varies from person to person.
Everyone pays 38% (approx., varies from municipality to municipality)
Add 6% for incomes over DKK 191,100
Add 15% for incomes over DKK 285,200
Finally there is an 8% labour market contribution (not subject to tax allowance)

To complicate matters further, you can, if you are registrered as a company, choose between two taxation schemes, but in the end, you have to pay the above tax when you draw the money out for private use.

This is how I understand the system. Everyone please correct me if I'm mistaken.
You see, as a tax payer you're not supposed to understand the system

See an English introduction to the Danish tax system here: http://www.erhverv.toldskat.dk/Vejledninger/Personserien/Pnr_37_ver1_0.pdf

Jørgen

[Edited at 2004-09-21 09:00]

[Edited at 2004-09-21 09:02]


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