tax for the period after deducting the input tax f or the period. The formula for computing the tax p -ayable is as follows: Tax payable=Output tax payable for the period-Inpu -t tax for the period If the output tax for the period is less than and insufficient to offset against the ...
These include individuals under the age of 65 whose taxable income does not exceed the tax threshold, those who will be 65 on the last year of assessment and directors and members of a close corporation. The article also highlights the due dates for tax returns including the first, second, ...
deferred payment of provisional tax and direct financial assistance to individuals or SMEs. legco.gov.hk 湯 議員又詢問,政府會否考慮屬於公民黨的議員提出的 刺激經濟建議,例如暫緩繳交暫繳 稅, 以 及 直接 為個 別人士或中小企業提供資助。 legco.gov.hk The provisional tax for profits tax is paya...
Individuals across the country, those qualifying above the new tax threshold of R75 750 (previously R75 000) will be paying increased taxes of R16.5bn (previously R5.65bn in actual tax increase) for the next tax year, most of this will be for high income earners, however. Taxpayers generall...
Article1Allunitsandindividualsengagedinthesalesofgoods,provision ofprocessing,repairsandreplacementservices,andtheimportationofgoodswithin theterritoryofthePeople'sRepublicofChinaaretaxpayersofValue-AddedTax (hereinafterreferredtoas'taxpayers'),andshallpayVATinaccordancewiththese Regulations. Article2VATrates: (1)Fo...
Article 1 Accepting units and individuals in transfer of ownership rights for land and housing within the territory of the People's Republic of China who are payers of contract tax should, pursuant to the provisions of these Regulations, pay contract tax. ...
Article 5 Restaurants, cafes, hotels, guest houses and other units and individuals engaged in the catering business (hereinafter referred to as “tax collecting agents”) shall be responsible for the collection and remittance of banquet tax and shall be responsible for the collection and turning ove...
otherunitsandindividualsthatthetaxpayerstoconsumption, shallpayconsumptiontaxinaccordancewiththeseregulations. Article2thetaxableitemsandtaxratesoftheconsumption taxshallbecarriedoutinaccordancewiththeprovisionsof thetaxratetableofconsumptiontax,whichisattachedtothis ...
individuals with high income; third, it will help strengthen comparative analysis and further push forward the scientific and sophisticated administration of individual income tax; fourth, it will help create conditions and accumulate experience for the transition to a mixed tax system that combines ...
State Council in December 13, 1993) Article 1 the units and individuals who sell goods within the territory of the People's Republic of China, or provide processing, repair, repair services, and import goods, shall be paid in accordance with the present Regulations for value-added tax ... ...