In principle all resident individuals must pay social security contributions. For employees, the employer has to contribute part of the premiums due. The contributions provide benefits under the General Old Age Insurance Ordinance (AOV), the General Widows and Orphans Ordinance (AWW), the General Insurance Extraordinary Sickness Ordinance (AVBZ) and the Basic Illness Insurance (BVZ).
Employers must pay employee insurance contributions for residents and nonresidents. The contributions provide benefits under the Sickness Insurance Ordinance (ZV), Accident Insurance Ordinance and Cessantia Ordinance. The Cessantia Ordinance (OV) provides for severance payment in case of involuntary dismissal.
Old age (AOV) insurance - 9.0%
Surviving dependents (AWW) insurance - 0.5%
Basic health care insurance (BVZ) - 9.3%
Accident insurance (OV), depending on risk level - 0.5% to 5%
Insurance for loss of income due to illness (ZV) - 1.9%
General insurance for exceptional medical expenses (AVBZ) - 0.5%
Real property tax For corporations, real estate tax is levied annually on the value of the property at the following rates: 0.4% up to a value of ANG 350,000, 0.5% on a value exceeding ANG 350,000 and up to ANG 750,000, and 0.6% on a value exceeding ANG 750,000.
Transfer tax A 4% transfer tax is levied on the purchase or other transfer of real estate by individuals, with the buyer responsible for the tax.