Corporate Park‚ Peninsula Chambers‚ Ground Floor‚ Ganpatrao Kadam Marg‚ Lower Parel‚ Mumbai 400 013. Telephone: 91 + 22 + 2491 8123‚ 2491 2486‚ 6662 7007 Fax: 91 + 22 + 2491 5168 Email: indiaoppi@vsnl.com OPPI PRE-BUDGET MEMORANDUM - 2013-2014 INDIRECT TAXES A. CUSTOMS DUTY Sr. No. 1. Issue Justification Customs duty exemption/ reduction to Life Saving It is imperative that critical life saving drugs be made available to the drugs‚ diagnostic equipments and consumables thereof patients
Premium Pharmacology Pharmaceutical drug Value added tax
1.1 BACKGROUND OF THE STUDY Value Added Tax (VAT) is a system of tax recently introduced in Nigeria‚ which is based on imposition‚ and charging 5 percent tax on certain goods and services imported or produced locally in Nigeria. The idea of introducing Value Added Tax in Nigeria came from the report of the study groups set up by the Federal Government in 1991 to review the entire Tax System. Value Added Tax was proposed and a committee was set up to carry out feasibility studies on its implementation
Premium Tax Value added tax Indirect tax
Business Research EM-518 Term Paper (A research proposal) On Effectiveness and efficiency of Value Added Tax (VAT) system in Bangladesh Submitted to: Dr. Shaker Ahmed Professor Department of Management Studies Faculty of Business Studies University of Dhaka Submitted by: Ahmed Munirus Saleheen # 3-08-14-031 Debashis Chandra Saha # 3-09-16-015 Marzuq Mohammad Hussain # 3-07-12-019 Md. Helal Uddin Talukder # 3-09-16-027 Md. Abdul Waresh Ansary # 3-09-15-037 [pic] Evening
Premium Value added tax Tax Indirect tax
FIFTEENTH CONGRESS OF THE REPUBLIC OF THE PHILIPPINES Third Regular Session ) ) ) SENAJE \ii:!49 S.No. Introduced by Senator Miriam Defensor Santiago EXPLANATORY NOTE The Constitution provides: Article 2‚ Section 15. The State shall protect and promote the right to health of the people and instill health consciousness among them. Article 2‚ Section 13. The State recognizes the vital role of the youth in nation-building and shall promote and protect their physical‚ moral‚ spiritual‚ intellectual
Premium Tobacco Indirect tax Tax
My reaction in syntax law ‚I`am so happy when the syntax law is now on the law that many people will minimize their(bisyo)The Recto bill was not well-received by the various sectors championing sin tax reform as it sought to retain the multitiered system and increase excise tax collection from tobacco and alcohol products by only P15 billion to P20 billion in the first year of implementation. This is significantly lower than the P31.35 billion that House Bill 5727‚ already passed on third reading
Premium Tax Progressive tax Indirect tax
I feel the Affordable Healthcare Act hurts us Americans more than helping us. I believe that with the way our economy is struggling that adding another $940 billion into our defecit is harmful. With this Affordable Healthcare Act in place our taxes will rise. When many Americans are having a hard time making ends meet raising taxes is the last thing we need. The money that is saved not paying taxes can go back into the economy. I know personally when I have extra money it is often spent rather
Premium Health insurance Health care Indirect tax
I would like to thank the European Chamber of Commerce in the Philippines‚ the ECCP‚ for inviting me to share my thought on the topic: “Analysis of the Health and Economic Implication of the Excise Tax on Sugar-Sweetened Beverages.” This occasion‚ I may say‚ is somehow a relief from the heavy emotion‚ grief‚ and indignation that engulfed the whole nation these past few days or so because of disturbing events. I’m sure you know what I mean. At the onset‚ I would like to point out that I support the
Premium Income tax Tax Tax refund
Americans have always had a strong disapproval of taxes‚ especially when they are the ones getting taxed. This was precisely the case during the Whiskey Rebellion occurring from 1791-1794. Farmers outraged by a new excise tax on whiskey protested and refused to pay. However the goal of the taxes was to help pay off a $54‚000‚000 national debt acquired during the Revolutionary War (Historical Spotlight). “Whiskey was a popular drink at the time‚ so such a tax could raise a lot of revenue”(Paul Krugamn
Premium American Revolutionary War George Washington Tax
How to Conduct Tax Audit – Part 1 Analysis of Certain Clauses Audit under Section 44AB of the Income Tax Act By Raman Jokhakar‚ Chartered Accountant Objective To understand the purposes of this Form To learn nuances of the clauses To understand audit risk To effectively carry out attestation To document adequately To disclose standard notes‚ limitations and stands To know inter links between clauses To be aware of important stands taken by Courts To understand the objective of the
Premium Audit Indirect tax Value added tax
Checkpoint: Direct and Indirect Cash Flows Marlene A Broaddus-Waddell XACC-291 June 27‚ 2013 The difference between direct and indirect method of cash flows are the operating activities‚ which is the first section of the statement of cash flows. The investing and financing activities sections has no reported differences in the presentation of the cash flows. The direct presentation of cash flows displays cash receipts and payments from operations‚ more or less like the actual statement of
Premium Cash flow statement Generally Accepted Accounting Principles Cash flow