scholarly journals Problematic Issues in the Application of Corporate Income Tax in the Kyrgyz Republic

2011 ◽  
Author(s):  
Larisa Macarenko
Keyword(s):  
Income Tax ◽  
Corporate Income Tax ◽  
Tax Revenue ◽  
Financial Policy ◽  
Kyrgyz Republic ◽  
Corporate Income Taxation ◽  
The Past ◽  
Tax Regimes ◽  
Policy Problems ◽  
Tax Payers

Corporate income tax is one of the national taxes in Kyrgyzstan. In the past few years the share of income tax revenue has been falling down. It should be noted that, apart from the economic reasons, the number of income tax payers is decreasing due to the widely using of special tax regimes in Kyrgyzstan. This paper aims to analyze the issues of corporate income taxation in Kyrgyzstan and offers their solution. The main issues of corporate income tax application in Kyrgyz Republic are: the existence of problems caused by the economic situation in the country and financial policy; problems in tax administration; the solution of present problems requires a comprehensive approach; these problems cannot be solved only by improving the Tax Code; restoration of accounting and accountability in all economy sectors, the development of non-cash payments.

scholarly journals MALAYSIAN CODE OF CORPORATE GOVERNANCE AND TAX COMPLIANCE: EVIDENCE FROM MALAYSIA

2017 ◽  
Vol 16 (2) ◽  
pp. 157
Author(s):  
Mohd Taufik Mohd Suffian ◽  
Siti Marlia Shamsudin ◽  
Zuraidah Mohd Sanusi ◽  
Ancella Anitawati Hermawan
Keyword(s):  
Corporate Governance ◽  
Income Tax ◽  
Tax Compliance ◽  
Corporate Income Tax ◽  
Tax Revenue ◽  
The Past ◽  
Multiple Directorships ◽  
Good Corporate Governance ◽  
The Government ◽  
Code Of Corporate Governance

In many countries, most of the government relies heavily on tax revenue to finance the government expenditures. In Malaysia, 78.8% of the source of revenue is from tax revenue and mainly contributed by the corporate income tax. The past literature has documented that good corporate governance could increase the firm's performances as well as tax compliance. Malaysia has published its own code of corporate governance in March 2000 and was revised in 2007, 2011 and 2012. Recently, in April 2016, the Security Commission released the recommended MCCG 2016. Thus, judging from the importance of maintaining tax collection, this paper aims to examine the importance of corporate governance in ensuring tax compliance among public listed companies in Malaysia. This study finds that corporate governance does influence tax compliance and multiple directorships is the most significant in influencing tax compliance.

THE COMPARISON OF CORPORATE INCOME TAX IN LATVIA AND LITHUANIA

2017 ◽  
pp. 20
Author(s):  
Jūlija Ščeglova ◽  
Iveta Mietule
Keyword(s):  
Income Tax ◽  
The State ◽  
Corporate Income Tax ◽  
Tax Rates ◽  
State Budget ◽  
Tax Base ◽  
Tax Rate ◽  
Common Features ◽  
Advance Payment ◽  
Tax Payers

Corporate income tax is one of the important taxes that provide revenues to the state budget. Article contains a comparison between Latvian and Lithuanian existing legislation relating to corporate income tax, studied differences between the tax rates, tax base, tax period and taxpayers. Were described differences that are related to the advance payment calculation, as well as created an example that shows how advance payments are calculated in Latvian and Lithuanian companies. As a result, it was found that there are several common features in the Latvian and Lithuanian legislation, with regard to corporate income tax, for example, the tax payers, taxation period, tax rate, the taxable amount. But there are several differences, such as the nuances of rates for non-residents, depending on the type of revenue, advance payment deadlines and other particularities of the calculation of the advance payments. Also differ corporate income tax payment deadlines. It was concluded that making advance payments in Lithuanian enterprises is more profitable, because it was calculated that at the same conditions, the amount of advances in Lithuania is lower than in Latvia.

scholarly journals Impact of Lithuanian tax reform to companies results

2014 ◽  
pp. 162-177
Author(s):  
Jovita Kalantaitė ◽  
Rasa Subačienė
Keyword(s):  
Income Tax ◽  
Social Insurance ◽  
Tax Reform ◽  
Shadow Economy ◽  
Value Added ◽  
Corporate Income Tax ◽  
Tax Revenue ◽  
Personal Income Tax ◽  
Excise Tax ◽  
National Budget

Global economic crisis reached Lithuania in 2008, as a response to ongoing economic downturn, the government of the Republic of Lithuania introduced tax reform. Analysis of factors determined by the tax reform will be presented in the article. However, main arguments will concentrate on evaluation of companies activities and results as business is one of the key pillars on which Lithuanian economy is built on: taxes form a significant part of individual company’s expenses and on the other side – taxes are a main stream of revenue for the national budget. The most significant taxes in overall national budget composition could be named as the following: personal income tax, social insurance taxes, value added tax, corporate income tax, excise tax and others. In relation to the global crisis tax income has decreased significantly in year 2009 and at the end of year 2012 has still not reached the level of year 2008. However, from the company’s perspective, employees related taxes are considered as most significant as they form almost a half of total taxes paid by companies. Decrease of taxes related to payroll (personal income tax, social insurance taxes) was followed by growth of unemployment, decrease on average salary and growth of the shadow economy. Drop in GDP, inflation and decline in sales made impact on decrease of tax revenue of value added tax, as shadow economy and reduced consumption of excisable goods influenced the value of excise tax revenue. The tax revenue of corporate income tax was influenced by decline of net profit and profitability, increased number of bankruptcy.

scholarly journals ZAKAT SEBAGAI PENGURANG PAJAK DAN PENGARUHNYA TERHADAP PENERIMAAN PAJAK DI SEMENANJUNG MALAYSIA

INFERENSI ◽  
2013 ◽  
Vol 7 (1) ◽  
pp. 1 ◽  
Author(s):  
Eko Suprayitno ◽  
Radiah Abdul Kader ◽  
Azhar Harun
Keyword(s):  
Fiscal Policy ◽  
Panel Data ◽  
Income Tax ◽  
Islamic Law ◽  
Fixed Effect Model ◽  
Tax Revenue ◽  
Policy Tool ◽  
Effect Model ◽  
Tax Payers

This paper attempts to examine the role of zakat administration policy in Malaysia and its impact on the tax revenue in Malaysia Peninsula. Zakat administration issues pertaining to Islamic law but traditions remain under the jurisdiction of states. The practice of zakat is based on the Shariah while the taxation practice is based on the Malaysian Income Tax Act, established in 1967. Zakat is used as a fiscal policy tool whereby income tax payers were given 100 per cent rebates on zakat that they paid. The study uses panel data of states in Malaysia Peninsula and the analysis is done by using the fixed effect model. The study finds that zakat has a positif impact and significant on tax revenue.

The Effect of State Income Tax Apportionment and Tax Incentives on New Capital Expenditures

2003 ◽  
Vol 25 (s-1) ◽  
pp. 1-25 ◽  
Author(s):  
Sanjay Gupta ◽  
Mary Ann Hofmann
Keyword(s):  
Income Tax ◽  
Fixed Effects ◽  
Capital Investment ◽  
Manufacturing Sector ◽  
Tax Incentives ◽  
Corporate Income Tax ◽  
Capital Expenditures ◽  
Tax Burden ◽  
Tax Regimes ◽  
Statutory Tax Rate

This study examines how variations in states' corporate income tax regimes affect new capital investment by business. Using U.S. state-aggregated data from 1983 to 1996, we find in pooled and fixed-effects regressions that new capital expenditures by corporations in the manufacturing sector are decreasing in the income tax burden on property (measured as the product of the statutory tax rate and the property factor weight), and increasing at a decreasing rate in investment-related tax incentives. The effect of the income tax burden on property is more pronounced for states mandating unitary taxation or the throwback rule. Triangulating our empirical findings with prior analytical and simulation studies suggests the following hierarchy for the relative importance of major attributes of state corporate income tax regimes: the unitary or throwback requirement is most influential on incremental capital investment, followed by apportionment weights and tax rates, and, finally, investment-related incentives.

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