Tax Value

Tax Value

The amount that a real estate owner pays in property taxes each year. The municipal government assesses and updates the tax value periodically, basing each assessment on the appraised value of the real estate.
References in periodicals archive ?
Customs deputy director-general Datuk Azimah Abd Hamid said the amount involved 427 cases of items listed under the Customs (Prohibition of Exports) Order 2017, with a total tax value of RM27.9 million.
The vehicles listed in the auction include high-end brands such as Range Rovers, Toyota Land Cruisers and BMW X5s, signalling the tax value the unscrupulous traders may evade.
The tobacco seizures represent a provincial tax value of about $22,000 and an additional federal tobacco excise tax value of $20,800.
During a routine check of passengers arriving on flight RJ133, customs officers found 29 packs of 200 cigarettes in the man's luggage with a tax value of e1/41,027.
GCC states have agreed to impose added tax value by five percent by 2018.
If registered people (traders, importers etc.) fail to present a tax declaration to the General Authority of Zakat and Tax, then they will be penalized by a fine ranging between 5 per cent and 25 per cent of the tax value, the state-run agency said.
A source at Eastern Company said the company will address the Public Tax Authority to reconsider the imposition of a unified tax value of EGP 0.5 per box on all cigarette types.
A bar member Ishtiaq Chaudhry and a trade leader Naeem Mir has assailed the increase in sales tax value from 17 to 22 percent for being illegal.
Credit facilities provided by banks and the new rules for the import sector in relation to the tax value of the units, odometers (mileage meter), total losses and new security devices have all affected sales.
Therefore, the committee proposed to the Ministry of Agriculture to form a working group, which would examine the possibility of taking land's productivity into account, while estimating the tax value of the farmland.
Services offered include Financing Applications, Business Acquisition Negotiations, Exit Planning, Gift Tax Value Assessment, Visa Applications, Start-up Planning; all of these activities require accurate business valuations.
Paid as 455,000 Global Depositary Receipts (GDRs), or 0.4% of MHP's share capital, the company said that the pre-tax amount is about USD7.7m and the after tax value is about USD6.5m based on the closing market price of the GDRs 14.25 yesterday.