Profits Tax

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Profits Tax

A term for the corporate tax in Hong Kong.
References in periodicals archive ?
The activities of securities market entities in Tajikistan are exempt from payment of profit tax and value added tax for a period of 5 years.
The profit tax was set at 10% for companies that operate in the sectors of handicraft or agriculture, investments in the sectors of agriculture and fishing, investments made in regional development zones, consumer co-operatives and retail companies.
The balance on Excess Crude Account as at 25th September 2018 is $2.468 Billion, while the balance in Excess Petroleum Profit Tax as at the same date is $0.133 Billion.
She explained that all 37 firms were put in a privileged position through the installation of special software in the electronic system of the SPO that checked the printing of profit tax debt warnings thus making sure these taxpayers were exempt from forced debt collection procedures for about two years.
Macedonia needs a modernized profit tax because the current one isn't producing the expected results.
The new business profit tax should apply to theprofits of both foreign- and GCC-owned corporates and individual businesses," said the IMF paper.
Taxes and contributions measured include corporate income and other profit taxes, social contributions and labour taxes paid by the employer, property taxes, property transfer taxes, dividend tax, capital gains tax, financial transactions tax, waste collection taxes, vehicle and road taxes, and any other small taxes or fees.
In the previous report, the total tax rate of the Philippines stood at a higher 44.5 percent19.6 percent are profit tax, 10.8 percent are labor tax, and 14.1 percent are other taxes.
But the law specifies that the profit tax could be as high as 50% for firms involved in natural resource development;
For instance, profit tax receipts from the OJSC Kyrgyzaltyn in 2012 made 119.762 million som, while profit and revenue tax receipts in 2013 stood at 94.862 million som.
ENERGY companies should be hit by a profit tax to fund help for people struggling to pay their bills if there is a cold snap this winter, Sir John Major has said.
While the rewriting of the Fiscal Code is underway, the business advocacy groups AmCham and the Foreign Investors Council (FIC) have outlined seven strategic priorities that need to be included in the fiscal framework, in a move aimed at improving Romania's economic competitiveness.The joint working group of AmCham and FIC has submitted a series of proposals to the Ministry of Finance, which refer to the profit tax, the income tax, VAT, excises and local taxes.