Accounting and tax

Legal obligations for Delaware companies

  • The American tax system is one of the most complicated tax systems in the world. There are federal taxes, State taxes and local government taxes in each of the different States;
  • Corporate income will be taxed at 35% in the United States;
  • Capital gains tax is levied at 35%;
  • Withholding taxes on i) interests ii) dividends iii) royalties and rents are all charged at 30%;
  • Branches are charged a 30% tax on all profits and interest earned in Delaware;
  • There is no VAT system in Delaware;
  • Investors pay the following taxes on payroll i) federal unemployment insurance is at 6% for wages up to US$7,000 ii) social security is at 7.65% on wages up to US$106,800 and iii) workers compensation insurance which is variable depending on nature of work and Delaware state laws;
  • Filing of tax returns is done quarterly every fiscal year;
  • It is important our Clients’ are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.

Contact us

For additional information on our accounting and tax services in Delaware, please email us at Alternatively please contact our in-house country expert, Mr. Paavan Chhabra, directly:
client relationship officer - Paavan