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What else can I help you with?
Advantages and disadvantages of evat in the Philippines?
Advantages:The E-VAT imposes a higher tax rate on goods and services, which translate to higher revenues for the government. These revenues can be used to improve the infrastructure, environment, education and health systems, and provide more jobs for the citizens. According to "The CIA World Factbook, Book 2008," the E-VAT strengthened the Philippine peso and made it East Asia's healthiest currency in the fiscal year 2005 to 2006.Disadvantages:The higher tax rate imposed by E-VAT puts additional burden on its citizens, especially its lower class citizens. According to the United Department of Economic and Social Affairs Population Division, the population of the Philippines was estimated at 92 million, of which approximately 32.9 percent live below the poverty line.Form Batch 2010-2011 :D
Why does VAT rise?
If there is a demand for money in government it is a more subtle way of doing it than income tax.
What is the purpose of vat?
VAT; value added tax is a business charge on products or provided services which aims to improve the economic state or furtherence of a State. It is like many other systerms put in place by the government and it is also given to the government. VAT is not used by ones business to pay for the labour or other business expenses.
Will people below the poverty level get a tax break on the fair tax?
I would imagine that people below the poverty level will get a tax decrease.
What is best defense against economic collapse?
A nation can decrease its chances of falling into an economic collapse by doing its best to maintain a balanced budget and keeping the tax system fair to its citizens. Problems can be averted by encouraging its citizens to save money rather than spending all they can. Growth is a key to remaining prosperous, and policies by the government to allow economic growth will go along way in preventing economic disasters.
What types of tax are levied on the citizens of South Africa?
VAT - Value added tax Personal Income Tax Company Tax Capital Gains Tax
Do citizen of Ghana pay tax?
Yes, Citizens of Ghana pay income tax, Value added Tax (VAT) and other taxes
What does it mean by vat refund?
In many countries a VAT (value added tax) is applied to all bills, much like sales tax here in the US. For foreigners visiting those places most all VAT is refundable, if applied for.
Is vat a direct tax or indirect tax?
VAT- Value Added Tax is an indirect tax. It is also easier for the consumer to pay the amount in installments rather than paying a huge amount to the government for the betterment of economy. You can hire a VAT Tax agent in UAE from Flyingcolour Tax Services to get VAT advise for your business.
Differentiate between input VAT and output VAT?
Input VAT is the tax imposed on purchase whereas Output VAT is the tax charged on selling items
What is Vat input?
VAT stands for the Value Added Tax. The definition of input VAT is the tax that is added to the price when you buy services or goods liable to VAT.
What is the difference between vat exclusive and vat inclusive?
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
What are the full form of tax and vat?
tax is already a full form ... and VAT means VALUE ADDED TAX
Is there vat on carpet?
In Europe, there's a VAT ("value added tax") for all goods and services. In the United States, we have sales taxes rather than a VAT.
What kind of tax is goods and service tax?
it is a tax based on value added...that is the same as VAT but the addition is that it converges service tax with VAT.
What is the difference between vat and e-vat?
VAT (value added tax) is a utilized tax on products applied in every stages of production, from raw components to finished products. EVAT (expanded value added tax) is the same as VAT, but with a higher tax collection.
Is it fair for us tax payers to pay for immigrants of non proper documents?
no it is not fair at all. Why should legal citizens of the U.s. who pay taxes pay for all those people who are too lazy to beome a citizen? it is not fair and it needs to stop
