Here are types of Tax:
1. ITA 21 (Income tax art 21) or the Income Tax 21 (Tax Article 21): deducted from employees’ salaries (mean liability for the company, the money should be deposited to the state)
2. ITA 23, 26, and 4, paragraph 2 (usually together): corporate tax cut (the term withheld) that should be paid by the recipient’s income. So, the company pays to the recipient’s income net of tax (already net of tax). Same nature with ITA 21 is an obligation that the money paid to the state (from our side as the payer service yes). ITA 23 was for services in the country, now it’s at the average rate of 2%. ITA 26 for pay services abroad, for example: pay royalties to the parent company in the U.S., its rate is 20% or be less than that (subject to any tax treaty or not). 4 section 2 for rental services.
3. ITA 24: This foreign tax credit. Rather difficult (there is the course name license c). Essentially, there is a maximum limit of foreign tax can we credit (credit mean make tax deduction ITA 25).
5. ITA 25: corporate income tax. This tax for corporate taxpayers. Calculated once per year.
6. ITA 29: This mortgage ITA 25. Base mortgage: ITA 25 years earlier, divided by 12. Later after a year (ITA 25 years it’s could be larger or smaller than last year), calculated again to pay her less or more.
7. VAT (Value Added Tax) or VAT (Value Added Tax). Flat 10%. There are two kinds of VAT-in (input VAT) and VAT out (output VAT). We consider VAT VAT-ins when we as buyers. VAT-out if we as a seller. Well, my logic if we are selling and collecting taxes, the tax must be deposited into the state we do, but because we also have a VAT-in (we also pay VAT when purchasing goods / services), can we set-off. So that we pay to state VAT after deducting VAT-out-in (our status underpayment). If otherwise, VAT-in larger, we ask for back to our country, can be a way: forward to the next tax period (if we do not pay, we pay with more pay this), or in-restitution (required back with money cash).
Thats all are the Types of Tax.
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