In the event of the transfer of the intangible asset or rights referred to in paragraph (1), paragraph (4) and paragraph (5), the book value of the asset or rights shall be deducted as a loss and the payment received shall be treated as income in the year when the transfer occurred. 2c) The tax rate applicable to the dividend received by an individual resident Taxpayer is a maximum of 10% (ten percent) and final in nature. 2d) Further regulation related to the tax rate from paragraph (2c) will be determined by the Government Regulation. For the purposes of applying the tax rates referred to in paragraph (1), the amount of taxable income shall be rounded to thousands.
When calculating the tax due as mentioned in subsection (5) a month is considered to be 30 (thirty) days. Taxpayer by participating in an offshore company other than public companies, provided that one of the following conditions is met;. the taxpayer owns at least 50% of the company's paid-up capital; or. Piece attachment. 3e) The implementation of regulation as mentioned in paragraph 3b, subsection 3c and para. 3d is determined by or on the basis of the Minister of Finance's regulation.
The tax rate applicable as referred to in paragraph (5) for unregistered resident Taxpayer is 20% (twenty percent) higher than that registered resident Taxpayer. The withholding tax on income as referred to in paragraph (1) subparagraph b and c of Article 5; and. If tax payable in taxable year is greater than the allowable tax credit as referred to in paragraph (1) of Article 28, the outstanding tax shall be paid before the Annual Tax Return is submitted.
OF 1983 CONCERNING INCOME TAX
GENERAL
To make things easier for taxpayers, the self-assessment system will be maintained and improved. The improvement emphasizes the reporting system and procedures for tax payment in the current year, which will not affect taxpayers' liquidity and a forecast of tax payable will be more accurate. For individual resident taxpayers who perform business activities or independent services, the gross income bracket requirement to use deemed profits is increased.
Increasing the gross income bracket as a requirement to use deemed profit is consistent with the current circumstances of business today.
ARTICLE BY ARTICLE Article I
If it is a transfer of assets in exchange for shares or capital participation, the profit in the form of the difference between the market price of the assets transferred and the book value is income. Income from capital invested in certain sectors determined by the Regulation of the Federal Transport Commission is excluded from the taxable object in this circumstance. Therefore, the determination of individual sectors is determined by a regulation of the Minister of Finance.
For the purpose of taxation, entities referred to in this provision, which constitute a group of members, are subject to taxation as a unit, namely at the level of the entity itself. That interest that cannot be deducted can be capitalized to add to the acquisition cost of the shares. Income of a minor child derived from any source with any characteristic is combined with that of the parents in the same financial year.
However, as determined or pursuant to a regulation of the Minister of Finance, the following compensation in kind or benefits may be deducted from the gross income of employers and shall not be considered as income received by employees. Therefore, any salaries received by members do not constitute payments that are deducted from the entity's gross income. If the taxpayer chooses the declining balance method, the book value must be fully amortized by the end of the useful life.
With the approval of the Director General of Taxation, depreciation of the tractor can begin in 2010. Generally, the gain or loss on the transfer of real estate is taxed in the year of the transaction. When amortizing intangible assets using the declining balance method, the book value of the asset is fully amortized until the end of its useful life.
To facilitate the calculation of the net income for such Taxpayers, the Director General of Taxation is authorized to issue a deemed profit. For this purpose, the Taxpayer must communicate to the Director General of Taxation within the first 3 (three) months of the relevant taxable year. This law authorizes the Minister of Finance to prescribe the ratio of the company's liabilities to the company's equity, which will be valid for tax purposes.
According to this provision, the amount of the tax installment for the months before the expiry of the income tax declaration is equal to the tax installment of the last month of the previous year. The adjustment of the tax installment is applied from the month following the issuance of the Tax Assessment Notice. Therefore, in accordance with this provision, the General Director of Taxes is authorized to regulate the calculation of the tax amount.
When determining the amount of the tax installment, the facts and circumstances of the taxpayer's business are taken into account.
