In Malaysian Tax System‚ Royal Custom & Excise Department is responsible for all policies related of Goods and Services Tax (GST). Currently‚ the rate of GST can be category to 3 rates which are standard rate‚ zero rate and exempt supplies. (Gst.customs.gov.my‚ 2014) GST can only be charged on the business was registered under the Malaysian Goods and Services Act 2014. The registration exemption is given if the business’s annual turnover of taxable supplier is below than the GST registration threshold
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The Sin Tax Bill (Senator Miriam Defensor Santiago) The Philippines has scandalously low taxes on two commodities that have been proven killers of individuals‚ destroyers of families and threats to national economic security: cigarette and spirits. At present‚ 25 million Filipino youth who are 18 years old are smokers. If they continue to smoke‚ half of them will die. Santiago is the principal author of Senate Bill No. 3249‚ “An Act restructuring the excise taxes on alcohol and tobacco products
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The annual budget is prepared by the Ministry of Finance and presented to Parliament for approval each year‚ except during periods of martial law‚ when the budget has been announced by the martial law administration. It is divided into a revenue budget and a development budget‚ on both the receipts and the expenditures sides. The revenue budget pays for the normal functioning of the government and is intended to be fully financed from domestically generated sources. The fiscal year (FY--see Glossary)
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41 ACC307 #32 1) Professional Labor Hours Indirect Costs Direct Costs Legal Support Indirect-Cost Pool Cost-Allocation Base Cost Object: Direct Labor Job for clients Direct Costs 2) 2008 budgeted direct-cost rate per hour of professional labor $104‚000 / 1600 hours = $65 per professional labor hour 3) 2008 budgeted indirect-cost rate per hour of professional labor $2‚200‚000 / (25 x 1600 hours) = $55 per
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Value added tax (VAT) in theory avoids the cascade effect of sales tax by taxing only the value added at each stage of production. For this reason‚ throughout the world‚ VAT has been gaining favour over traditional sales taxes. In principle‚ VAT applies to all provisions of goods and services. VAT is assessed and collected on the value of goods or services that have been provided every time there is a transaction (sale/purchase). The seller charges VAT to the buyer‚ and the seller pays this VAT to
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Youth smoking continues to be an important public health problem. Many policy tools designed to reduce youth smoking are based on economic principles. This paper describes the economic and policy context of tobacco use aiming at reducing youth smoking and explains the economic rationale for tobacco control tools such as excise tax and price‚ clean indoor air laws‚ youth access laws and the broad provision of health information to the public. An overview of economic models of addiction provides the
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PERCENTAGE TAXES SUMMARY (in ascending order) Rate | Description | 1/2 of 1% (0.005) | * PT /Final tax on shares sold in Local Stock Exchange | 0% | * Dividends/equity shares in Net Income of Subsidiaries | 1% | * IPO on share of stock over 33 1/3% * GR Tax on Banks‚ on interests‚ commissions and discounts with Maturity Period of More than 5 Years | 2% | * IPO on share of stock (25-33 1/3%) * Gas and water franchises | 3% | * PT on Domestic Carriers and Keepers
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ECON MONOPOLY AGAINST INDIRECT COMPETITORS A Research Paper on Monopolies: Ajinomoto VS. Maggi Magic Sarap Submitted to Professor Noemi J. Salgado ECON MONOPOLY AGAINST INDIRECT COMPETITORS A Research Paper on Monopolies: Ajinomoto VS. Maggi Magic Sarap Chapter One The Problem and Its Background A. Introduction People have encountered and are still dealing with Monopolized companies on a daily basis. From using electricity up to using additives on food preparation. Monopolies
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CONTENTS Introduction……………………………………………………....................3 Chapter 1: Speech Act Theory…………………………………...................5 Chapter 2: Indirect Speech Acts in English………………........................10 Conclusion…………………………………………..………................…..15 References……………………………………………..………...................17 INTRODUCTION Language is an inseparable part of our everyday lives. It is the main tool used to transmit messages‚ to communicate ideas‚ thoughts and opinions. It situates us in the
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housing residents feel the increased need to own multiple vehicles per a family and drive to all activities‚ thus causing more traffic and air pollution. Although these effects of urban are indirect‚ they are very costly and controversial to solve. Therefore‚ one can see that urban sprawl has both direct and indirect implications on Municipal finance operating on finite
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