Taxation system

In this system of this taxation there are no reduced rates based on the family situation of the taxpayer.

The GSP rate is half of the MFN rates and subject to tariff quotas.

New tax system

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Tax system and customs reform

There are no income, estate or capital gains taxes.

The tax system should be reformed by increasing reliance on income progressive taxes, restructuring the property tax and introducing reasonably progressive taxes.

One way in which it does so is by lowering tax rates and substantially increasing tax deductions for employees.

The Direction Générale des Impôts (DGI), the tax authority, has continued to try to widen the scope of the tax collection base through various schemes in Government controlled areas in an effort to increase State revenues.

To ensure harmonization of customs legislation and reduce the differences in the amounts of customs duties and indirect charges, and to adopt an agreed decision on unified principles for the conduct of customs controls in trade with one another

Overall, NTBs have almost replaced tariff barriers in manufacturing sectors.

That was recognized not only by the United Nations common system, but also by the United States federal civil service (the current comparator) through its tax system, where higher tax rates were applied to single taxpayers.

Furthermore, Japan applies a rate of 30 per cent on tanned and prepared leather.

(c) Regulations and tariff structure

30. The Government has reformed the tax structure, reducing overall rates while widening coverage through improved efficiency in collection.

India s complex system of national and state sales taxes distorts domestic trade. Replacing these taxes with a national value added tax and using revenue sharing to the states has been long debated and should now be enacted.

Together with the tax reform, consumption tax policies for general consumer goods such as clothing and cosmetics will be optimized, with overall adjustments made to the scope of taxation, tax rates, and the different parts of the taxation process.

262. Taxation regulators, such as import taxes for used cars brought into the country, are now being introduced as a means of curbing additional environmental pollution.

(d) A framework for the introduction of an environmental taxation scheme and

The Commission noted that not only the comparator but a majority of countries provided a credit through their tax systems to married taxpayers.

Tariff headings, tariff lines and tariff rates specified in the Customs Import and Export Tariff of the People's Republic of China (hereinafter referred to as the Customs Tariffs ) and Table of Tariff Rates of Import Duties of the People's Republic of China of Entry Articles (hereinafter referred to as the Table of Tariff Rates of Import Duties of Entry Articles) drafted by the State Council are an integral part of this set of regulations.

Similar systems of personal allowances that reduce taxable income based on family size were applied in the majority of national tax systems.

For these reasons, Obama is championing a revenue neutral reform that would leave corporate tax revenues unchanged, with the proposed rate cut financed by limiting deductions, credits, and loopholes, which would broaden the tax base.

If this control were carried out in the form of increased tariffs or duties, it would conflict with a trade treaty maintained by China and Australia at that time, which absolutely limited restrictive tariffs and duties.

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Approved manufacturing ventures are exempt from import dues.

Governments should also work to improve tax compliance and reduce evasion, which requires limiting tax officials discretionary authority. Computerizing tax administration, for example, could help to limit corruption by making it more difficult to tamper with records.

That had been accomplished by widening the tax base, improving administration efficiency, reducing corporate income tax, introducing a personal income tax of 10 per cent and keeping value added tax at 10 per cent.

Under the new regulation, employees no longer have to pay income tax based on the pay as you earn (PAYE) system.

Tax compliance indicators are under development.

This differentiation was again the result of the application of a tax system that provided different tax brackets based on marital status.

A large number of these tariffs have resulted from tariffication in the agricultural sector, exceeding 30 per cent or even 100 per cent in many cases and 300 per cent for certain products (notably meat, cereals, sugar, certain fruit and vegetables, dairy products, tobacco products).

Tariffication of former quantitative restrictions, levies and similar non tariff protection measures resulted in extremely high rates exceeding in most cases 30 per cent and reaching up to 30 per cent and more for MFN trade above tariff quotas (see table 9).

33. A further concern is the decline in tax revenues forecast for 1999, owing to the repeal of the Act on a Single Property Tax, tariff reductions, the ending of the commercial and agricultural enterprise tax, which is expected to occur in mid 1999, and the planned cut in income tax rates.

The Office des douanes et accises (OFIDA) attempted to assign agents to the reunified territories in order to strengthen controls in those regions.

Recommendation 8 concerning greater and more efficient use of exchanges of information proposes that countries should undertake programmes to intensify exchange of relevant information concerning transactions in tax havens and preferential tax regimes constituting harmful tax competition.

Second, we shall strengthen the tax collection system.

According to the notification, the specific tax exemption management measures would be formulated by the provincial tax departments and commercial departments.

Four scenarios were run business as usual Kyoto Protocol with no flexible mechanisms and no tax adjustment Kyoto Protocol with no flexible mechanisms and with tax adjustment and Kyoto Protocol with flexible mechanisms and no tax adjustment.

Regarding tariff barriers, a number of products of export interest to developing countries remain subject to peak rates and tariff escalation in various markets (see box on peak tariffs).

Another way of attracting foreign investment may consist in providing special tax regimes for private investors, such as exemption from corporate tax or other taxes, exemption from income tax for foreign personnel required to staff the project, exemption from real estate tax, tax concession on royalties, import duties.

As part of our audit of the financial statements the following additional procedures have been performed by us

After the tax code has been approved, a five year moratorium should be established on any changes at all to the tax system.

Japan s GSP exempts most LDC exports from virtually all industrial peak tariffs as well as tariff quota limitations.