different forms of tax in mineral sector in nigeria in philippines

Types of Mineral Resources in Nigeria & List » PeakNG, Nigeria is one of those nations in the world that is blessed with a wide range of mineral resourc We listed the types of mineral resources in Nigeria Nigeria is rich with Natural Resources ranging from valuable metals different stones to modern, for example, Barites, Gypsum, Kaolin, and Marble It is believed there mineral resources [,]Forms of Business Ownership | AllBusiness, Tax implications of the different ownership structur Expected profit (or loss) of the business , Federal tax forms for LLC Taxed as partnership in most cases; corporation forms must be used if there are more than 2 of the 4 corporate characteristics, as described aboveEnergy law, Energy laws govern the use and taxation of energy, both renewable and non-renewableThese laws are the primary authorities (such as caselaw, statutes, rules, regulations and edicts) related to energyIn contrast, energy policy refers to the policy and politics of energy Energy law includes the legal provision for oil, gasoline, and "extraction tax" The practice of energy law includes ,Indirect Taxes, This is because taxes are imposed on almost all the products that we consume Here are some of the types of indirect tax 1 Sales tax Whenever people go to the malls or department stores to shop, they are already about to pay indirect tax Goods such as items, clothing, and other basic commodities are subject to such types of tax10 allowances which form salary of an individual under the ,, House Rent Allowance HRA, which is part of the basic salary, is fully or partially exempt from tax Salaried individuals who live in a rented house can claim HRA to lower their tax.

Get Price

Petroleum industry, The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum productsThe largest volume products of the industry are fuel oil and gasoline (petrol) Petroleum is also the raw material for many chemical products, including pharmaceuticals ,REVENUE GENERATION AS A MAJOR SOURCE OF INCOME ,, revenue generation and collection The dishonest practices by some tax officials also, pose a serious threat to effective tax administration in Nigeria especially, when such practices are capable of having demoralizing effect on the honest tax payers These problems range ,How to Calculate Import Tax and Duty in the Philippines ,, Oct 17, 2017· Note that while importing goods to the Philippines, you can clear them either as a private individual or a commercial entity Make sure to read our post Complete Guide to Setting Up a Company in The Philippines, where we also describe different legal entity typ How to calculate import tax in the Philippines? The import taxes and duty will be ,What Are the Different Types of Taxes?, Apr 15, 2018· Because the inefficiency that taxes introduce grows more than proportional to the amount of a tax, it makes sense for the government to structure taxes so that a lot of markets get taxed a little bit rather than so that a few markets get taxed a lot Therefore, a number of different taxes exist, and they can be categorized in a number of ways(PDF) Taxation of Solid Mineral Mining in Nigeria ,, The non - tax revenue from the various departments and agencies of the Federal Government involved in the solid minerals sector for 2010 was N1, 282, 103, 96700 according to the NEITI report The Federal Government collected a further sum of N 26,120,477,00400 as tax revenue from the solid minerals sector in same 2010.

Get Price

What Are the Forms of Business Organization | KCSourceLink, - C-corps pay corporate taxes at a different time than other forms of business S-Corporation An S-corporation, also known as subchapter S-corporation, offers the owners limited liability S-corporations do not pay income taxes; the earnings and profits are treated as distributionsTax Information, Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro sales and other forms of conditional sale Documentary Stamp Tax is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer ,Nigerian VAT rates and VAT compliance, Nigeria VAT rates: Rate: Type: Which goods or services: 75%: Standard: All taxable goods and services: 0%: Zero: Zero rate applies to goods and services including: non-oil exports; commercial aircraft and spare part imports; certain humanitarian initiatives; machinery and equipment used in the solid minerals sector; exports; agricultural equipment; commercial vehicles; basic foodstuffs ,Indirect tax, An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST ), excise, consumption tax, tariff) is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the consumer) The intermediary later files a tax return and forwards the tax proceeds to government with the returnPrinciples of Taxation | Economics, In this article we will discuss about the principles of taxation The most important source of government revenue is tax A tax is a compulsory payment made by individuals and companies to the govern­ment on the basis of certain well-established rules or criteria such as income earned, property owned, capital gains made or expenditure incurred (money spent) on domestic and imported articl.

Get Price

Tax rates in Nigeria, Allowable Deductions and Tax Credits In general, expenses incurred wholly, exclusively, necessarily, and reasonably in the production of taxable income are tax deductible Specific deductions include life insurance premiums, contributions to state pension funds, housing and healthcare, contributions to research centres (up to 10% of taxable income), m ortgage or other loan interest relating to ,Value, Value-Added Tax (VAT) is a form of sales tax It is a tax on consumption levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods into the Philippin It is an indirect tax, which may be shifted or passed on to the buyer, transferee or lessee of goods, properties or servicInformal sector taxes and equity: Evidence from ,, Jul 10, 2017· The representative taxpayer method, which compares the hypothetical tax burdens of formal and informal sector taxpayers at varying income levels, shows that the presumptive tax regime undermines both vertical and horizontal equity In addition, interviews with key informants from the tax authorities, other relevant organizations and informal ,taxation | Definition, Purpose, Importance, & Types ,, Taxation, imposition of compulsory levies on individuals or entities by governments Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well Learn more about taxation in this articleMineral royalties and other mining, in Australia Mineral royalties have traditionally been considered a form of compensation to the community for the depletion of non-renewable resourc Special mining taxes including royalties are additional to the general income taxes and other forms of taxation levied on all sectors of an economy They represent, therefore, different ways ,.

Get Price

Social impact assessment in the mining sector: Review and ,, Aug 01, 2018· At sector level, in the context of industry reporting practices, the Global Reporting Initiative disclosures guidance provides a set of indicators for the minerals and metals industry, aimed at assessing company performance with respects to workers and local communiti 3What are the different types of allowances and how they ,, Different types of allowances and their taxability Dearness allowance : Dearness allowance is the most popular allowance being given to employees these days It is determined on the basis of rising prices of com­modities in general The amount is taxable However, it ,TAXATION UNDERGRADUATE PROJECT TOPICS, RESEARCH ,, comparative analysis of value added tax revenue among diferent sector in nigeria (case study of federal inland revenue lagos state) tax40130: an approval of pay-asyou earn sytem of taxation in nigeria (a case study of sukka local government area) tax20833: rent tax compliance in ghana (a case study of bolgatanga municipality) ,Importance of Industrial Sector in Economic Development, Feb 05, 2018· Industrial Sector is the second largest individual sector of the economy accounting for 24% of the GDP The activity in the manufacturing sector is comprised of large, medium and small-scale The industrial Production growth rate during the year 2005 remained 6%Withholding Tax Calculator, The application is simply an automated computation of the withholding tax due based only on the information entered into by the user in the applicable box Accordingly, the withholding tax due computed by the calculator cannot be used as basis of complaints of employees against their employers.

Get Price

Government Subsidies (Farm, Oil, Export, Etc), Jan 16, 2020· Housing subsidies promote homeownership and support the construction industry They total about $15 billion a year Housing subsidies come in two forms: interest rate subsidies and down-payment assistance The biggest interest rate subsidy is the mortgage interest deduction on the federal income taxPhilippines Mining and Minerals Industry, Philippines Mining and Minerals Industry The Philippines considered as one of the countries most endowed with metallic resources in the world, ranks in the top 6 for gold, nickel, copper and chromite and has the potential to be top 10 largest mining power in the world7 Types of Insurance, 7 Types of Insurance are; Life Insurance or Personal Insurance, Property Insurance, Marine Insurance, Fire Insurance, Liability Insurance, Guarantee Insurance Insurance is categoriezed based on ,Nigeria, Nigeria - Nigeria - Economy: The Nigerian economy is one of the largest in Africa Since the late 1960s it has been based primarily on the petroleum industry A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and government servic Because this led to a great influx of rural people into the larger urban centres ,SECgov | Forms List, This page provides links to PDF versions of SEC public forms and many of the rules, regulations, and schedules associated with these forms To find a form, either select the appropriate category below or scroll through the full list of SEC forms in alphanumeric order.

Get Price