Tax is a compulsory levy imposed by the government; critically appraise the challenges encountered by Nigeria government towards the optimal collection of the different taxes. What is Tax? Tax can be defined as a compulsory levy by government on goods‚ services‚ income and wealth. Primarily to obtain r evenue. In other word‚ it is levy or dues on the income of persons and companies. It provides definite source of revenue of person for government expenditure. It is the way by which government
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Singapore Corporate Tax Guide Singapore is often cited as the leading example of countries that continues to reduce corporate income tax rates and introduce various tax incentives to attract and keep global investments. Singapore has a single-tier territorial based flat-rate corporate income tax system. Effective tax rates as one of the lowest in the world and the general “business friendliness” of Singapore are the two important factors contributing to the economic growth and foreign investment
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Turnover Tax by Zambia Revenue Authority: A case of the Small Taxpayer Population in Zambia. Publicity here means all those activities that Zambia Revenue Authority does to ensure that all its activities relating to the taxes administered are well known to the taxpaying community. The small taxpayer population is a group of taxpayers whose yearly turnover does not exceed K200 million in a particular 12 months year. 2. Research problem Zambia Revenue Authority introduced turnover tax in April
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The disability tax credit (DTC) is a non-refundable tax credit used to reduce the amount of tax otherwise payable on personal income tax returns. A person who has a “severe and prolonged impairment in physical or mental functions” may qualify for the Disability Tax Credit. Disability Tax Credit Certificate (Form T2201) must be completed by a qualified practitioner and submitted to Canada Revenue Agency (CRA) for approval in order to receive the benefit. Canada Revenue Agency defines a prolonged
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Torres- Tax Relief Finding Tax Relief Through Exemptions and Government Programs Many tax payers in the United States need the tax relief options that are presented through federal programs. Marta Torres‚ along with her Liberty Taxes and Business Services partners‚ help these tax payers receive the benefits they are due. If you are in a financial hardship and need tax relief‚ contact her office to speak to a qualified Tax Preparer or accountant about your unique situation. What is Tax Relief?
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Table of Contents Australian Income Tax Guidance Notes 4 Topic 1 Introduction to income tax 5 Topic 2 Assessable Income 5 Topic 3 Exempt Income 5 Topic 4 Capital Gains 5 Topic 5 Annuities and Foreign Pensions 5 Topic 6 Termination payments 5 Topic 7 Small Business Entities 5 Topic 8 Trading stock 5 08.1 Valuation of trading stock (S9-180) 5 08.1.1 Methods used to work out the cost of trading stock (S9-200) 5 08.1.1.1 Trading stock on hand taken into account
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to the U.S. Tax System Both the American people and members of the Federal Government have long griped about the current U.S. Personal Income Tax System. Bush’s Advisory Panel for Federal Tax Reform stated that‚ “the complexity of our tax code breeds a perception of unfairness and creates opportunities for manipulation of the rules to reduce tax”.[1] The Tax Foundation estimates that $338 billion of time‚ energy‚ money‚ and other resources‚ are spent annually completing tax returns.[2]
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Gut wrenching‚ controversial‚ and unpredictable…it is what Chris Crutcher’s invokes in Staying Fat for Sarah Byrnes. Teenage life is not supposed to be easy but it should be nowhere close to Eric Calhoune’s‚ the main character of the book‚ life. From physical violence from adults to constantly being torn down as a child‚ to saving his best friend Sarah’s life‚ Eric experiences it all. Conflict is used to evoke emotions and show that the world is not always a peaceful place. Depending on the story
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Services Tax (GST) can facilitate a significant improvement in the overall tax administration and enable revenue authorities to introduce modern procedures based on voluntary compliance. GST is a consumption tax charged on a wide range of domestic & international products‚ goods and services. GST covers all types of goods & services sold to Malaysian & non-Malaysian residents also known as consumers except for common commodities such as rice‚ flour & sugar. It is a broad-based tax imposed
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by Onipede Ibidunni Seun on Capital Gains Tax in Nigeria Introduction Discussing capital gain tax without first presenting a general overview of the entire concept of taxation will be tantamount to putting a cart before a horse. It is therefore very important that justice be done by explaining taxation and various types of taxes. Taxation: A General overview Tax and taxation has been variously defined by different authors. Oyegbile (1996) defines tax as a sum of money paid by citizens of a country
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