A lien is a tax or tribute.
A lien is a charge (an obligation , tax or tribute that is applied to a property , a wealth or an asset and the use made of these). The rate that is applied to the tax base and represents the tax rate is known as the tax rate . This rate can be fixed or variable and is expressed as a percentage .
The specific application of the term, which comes from the Latin gravāmen , depends on the branch of law in question. Lien can have different meanings depending on whether it is a civil , fiscal , commercial or other field.
It can be said, in general, that the tax is a tax that taxes income or profits. It is a burden that is imposed on the person or an asset . The income tax, in this sense, is a tax.
Tax in Spain
In the case of Spain , for example, we can establish that there are two large groups when it comes to classifying taxes. Firstly, there would be the general tax that establishes 30% of the Corporate Tax and secondly there would be the special taxes .
In the last mentioned category we would find eight different types that refer to different areas and sectors. Thus, for example, we find the fact that a 0% rate 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 hydrocarbon storage are other tax modalities that currently exist in Spain .
But they 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 maintaining or creating jobs as well as for what concerns small companies. However, we must not overlook the fact that the government can carry out the changes it deems appropriate in terms of taxation.
The determination of a lien is the responsibility of the State.
Luxury car tax
A government can establish, for example, a tax on luxury cars at a rate of 20%. The first thing to determine is what is meant by a luxury car (it could be cars whose market value exceeds $100,000). If a 20% tax is applied to a car that costs $150,000, the consumer will have to pay $180,000. Of that total, $30,000 will go to the State coffers.
Like any type of tax, these levies do not require direct compensation from the person who demands it (in our example, the State). Its function is to finance the creditor 's expenses.