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Turnover tax information


A turnover tax is similar to VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad valorem basis, applicable to a production process or stage. For example, when manufacturing activity is completed, a tax may be charged on some companies. Sales tax occurs when merchandise has been sold.

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Turnover tax

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A turnover tax is similar to VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad...

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Taxation in Hong Kong

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are chargeable on dutiable instruments. No turnover tax (e.g. Value-Added Tax and Goods and Services Tax) has been imposed in Hong Kong. As a result...

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Turnover

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sales Turnover tax, an indirect tax similar to a sales tax or a VAT Cell turnover, the replacement of old cells with newly generated ones Lake turnover, when...

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Turnover tax in the Soviet Union

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The turnover tax (Russian: налог с оборота) in the Soviet Union was first introduced during the Soviet tax reform of 1930–1932, soon after the end of the...

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Sales tax

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same item. FairTax, a proposed federal sales tax, intended to replace the US federal income tax. Turnover tax, similar to a sales tax, but applied to...

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Taxation in South Africa

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system. The tax is based on the turnover (gross income) of the company. Turnover tax remained unchanged in the 2020/21 budget. Turnover tax is paid in...

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List of countries by tax rates

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inheritance tax rates Tax Freedom Day Tax haven Tax rates in Europe VAT rates around the world Welfare state Businesses with annual turnover above A$2 million...

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Taxation in Zambia

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37.5 percent. Changes were made to the PAYE tax brackets. The below table shows the breakdown. Turnover Tax The rate of 4 percent (from Jan 2019) is charged...

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Indirect tax

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An indirect tax (such as a sales tax, per unit tax, value-added tax [VAT], excise tax, consumption tax, or tariff) is a tax that is levied upon goods...

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List of taxes

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subject to the tax. Per unit tax, a tax charged proportionally to the amount sold, such as by cents per kilogram. Turnover tax, a tax on intermediate...

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Consumption tax

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tax Pigovian tax Sales tax Sin tax Turnover tax Value-added tax X tax William Petty, early classical economist who proposed a consumption tax The Philosophy...

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Cascade tax

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A cascade tax or cascading tax is a turnover tax that is applied at every stage in the supply chain, without any deduction for the tax paid at earlier...

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Tax

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impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental taxes, payroll taxes, duties and/or...

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Taxation in Argentina

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estate tax; Tax on vehicle fleet and vehicles; Turnover tax: Each of the 24 Argentine subjects has its own turnover tax rate. On average, turnover tax rate...

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Taxation in Bulgaria

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with a turnover tax and taxes on government run businesses. After the end of the Soviet era, large privatization took place and the turnover tax was replaced...

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Taxation in North Korea

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citizens in the form of hidden taxation through various sales taxes. In particular, the turnover tax from consumption provides for the majority of the state...

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European Union value added tax

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of the member states with respect to turnover taxes—provisions on the reimbursement of value added tax to taxable persons not established on the territory...

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Prostitution in Belgium

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commissioned by the National Bank of Belgium, revealed estimations of a turnover tax of €840 million from forms of prostitution in 2015. The most important...

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Taxation in Greece

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Value added tax (VAT) was implemented in to the Greek taxation system in 1987 in order to replace turnover tax and other indirect taxes. The Greek VAT...

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Professional Tax

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tax depending upon their gross turnover in the preceding year. In some cases, the payment of tax is fixed and is to be paid irrespective of turnover....

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Czechoslovakia

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from state enterprises was the primary source of revenues followed by turnover tax. The government spent heavily on social programs, subsidies, and investment...

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Gross receipts tax

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Occupation Tax (B&O). In addition to these states, Texas has a "margin tax" on certain corporate net revenues. Sales taxes in the United States Turnover tax "Gross...

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Taxation in Morocco

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the community enterprise are deductible at up to 0.2% of the company turnover. Tax losses may be carried forward for a period of four years from the end...

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Transfer tax

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tax Financial transaction tax Inheritance tax Spahn tax Real estate transfer tax Stamp duty Stamp duty in the United Kingdom Tobin tax Turnover tax Investopedia...

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Income tax

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income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income)...

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