The document provides information about taxation systems in several countries in Southern Asia, including Australia, India, Myanmar, Philippines, and Thailand. It discusses how each country collects taxes, common tax types like income tax, VAT, and property tax. It also outlines some key aspects of the tax history and rates in each country. The top priorities for how tax revenue is spent include education, infrastructure development, defense, internal affairs, and agriculture.
Is the process by which the sovereign, through its lawmaking body raises revenues used to defray expenses of government.
Means of the government in increasing its revenue under the authority of the law purposely used to promote welfare and protection of its citizenry.
Under Fundamental Concepts of Income Tax Presentation, Important Definitions under Income Tax Act, Residential Status of the assesses & its tax incidence is covered.
This presentation contain information regarding history of income tax, legal framework, tax collection bodies, types of tax, income tax, canons of taxation and definition for the term assesse, person, previous year, assessment year, income, total income and gross total income and agriculture income as per IT act 1961
Is the process by which the sovereign, through its lawmaking body raises revenues used to defray expenses of government.
Means of the government in increasing its revenue under the authority of the law purposely used to promote welfare and protection of its citizenry.
Under Fundamental Concepts of Income Tax Presentation, Important Definitions under Income Tax Act, Residential Status of the assesses & its tax incidence is covered.
This presentation contain information regarding history of income tax, legal framework, tax collection bodies, types of tax, income tax, canons of taxation and definition for the term assesse, person, previous year, assessment year, income, total income and gross total income and agriculture income as per IT act 1961
Dear Viewers, This presentation covered the Income Tax Law & Practice. Mainly this slides focused on Introductory Part.
Enjoy with the learning.
Yours Dr.K.Chellapandian, Asst Prof of Commerce, Vivekananda College, Madurai. Tamil Nadu - 625 234 - India
taxes are income of government. india is a developing country, therefore taxes is important source of income to indian government. the majority of taxes which are mostly collected by the government is included in this presentation.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
Taxation
1. 1
Taxation in Australia, India,
Myanmar, Philippines, and
Thailand (Southern Asia)
2. 2
How the government collect tax?
• Most taxes are collected at the time a
transfer is being made -whether it is
withholding from a pay check, added to the
purchase price of goods at the point of sale,
or when a license or permit is issued.
3. 3
Why do citizen pay their tax?
(Based in The United States of America)
– It is the law. Anyone who receives income, resides
in the United States and meets certain
requirements is required to file a federal tax
return and pay taxes owed.
5. 5
History of tax
• The first known system of taxation was in
Ancient Egypt around 3000 BC - 2800 BC in
the first dynasty of the Old Kingdom.
• Early taxation is also described in the Bible.
In Genesis (chapter 47, verse 24 - the New
International Version)
6. 6
Property Tax
• A tax assessed on real estate by the local
government. The tax is usually based on the
value of the property (including the land) you
own.
7. 4R
7
• Revenue= government income
• Redistribution= transferring wealth from the
richer sections of society to poorer sections.
• Re-pricing= taxes are levied to address
externalities.
• Representation= the people in charge of
paying taxes and collecting them
8. 8 What are progressive regressive proportional tax?
Progressive tax Regressive tax Proportional tax
• As income goes • As income goes • As income goes
up, the percent of up, the percent of up, the percent of
income paid in income paid in income paid in
taxes goes up too. taxes goes down. taxes stays the
same.
9. 9
Value Added Tax (VAT)
• an excise tax based on the value added to a
product at each stage of production or
distribution: value added is arrived at by
subtracting from the total value of the
product at the end of each production or
distribution stage the value of the goods
bought at its inception.
12. 12 Australia tax history
• At the end of the nineteenth century each of the six
Australian colonies had distinct tax systems, which were
almost entirely reliant on customs and excise duties. The
design of these tax systems was largely driven by
administrative concerns, rather than principles of equity or
efficiency. Customs duties were also designed to act as trade
barriers between the colonies. One of the significant results
of Federation in 1901 was the removal of all duties on goods
traded between Australian states.
13. Australia tax type
13
• There are many forms of taxation in Australia. Individuals and
companies in Australia may be required to pay taxes or
charges to all levels of government: local, state, and federal
governments. Taxes are collected to pay for public services
and transfer payments (redistribution of economic wealth).
• Income taxes are the most significant form of taxation in
Australia, and collected by the federal government through
the Australian Taxation Office. Australian GST revenue is
collected by the Federal government, and then paid to the
states under a distribution formula determined by the
Commonwealth Grants Commission.
14. 14
Australia Tax rate
Tax rates 2011-12
The following rates for 2011-12 apply from 1 July 2011.
Taxable income Tax on this income
0 - $6,000 Nil
$6,001 - $37,000 15c for each $1 over $6,000
$37,001 - $80,000 $4,650 plus 30c for each $1 over $37,000
$80,001 - $180,000 $17,550 plus 37c for each $1 over $80,000
$180,001 and over $54,550 plus 45c for each $1 over $180,000
The above rates do not include the Flood levy
The above rates do not include the Medicare levy of 1.5%
16. 16 Burma tax history
• The Burmese income tax was passed in 1974. From
that point on, the income tax has covered state-
controlled enterprises, cooperative societies (such as
agricultural societies), foreign investment, personal
salaries, foreigners (those in the service of a foreign
firm, for example), nonresident citizen earnings and
all partnerships with the above. Because Burma is a
highly unstable country seemingly endlessly at war
with its ethnic minority groups, taxes can be hard to
collect. Therefore, the code was made as simple as
possible.
17. 17 Myanmar tax type
• Taxes levied on domestic production and
public consumption.
• Taxes levied on income and ownership.
• Customs duties.
• Taxes levied on the utility of state own
properties.
18. 18
Burma sources of revenue
• Taxes on income, profits, and capital gains are
levied on the actual or presumptive net
income of individuals, on the profits of
corporations and enterprises, and on capital
gains, whether realized or not, on land,
securities, and other assets.
Intergovernmental payments are eliminated
in consolidation.
19. 19
Burma tax rate
Taxpayer
Companies formed in Myanmar 30 percent
under the Myanmar Companies Act
or any other existing Myanmar Law
Enterprise operating under the UMFIL 30 percent
Foreign organization engaged under 30 percent
special permission in a State sponsored project,
enterprise or any undertaking
Individual foreigners engaged 20 percent
under special permission in a State
sponsored project, enterprise or any undertaking
Income earned abroad by non-resident citizen 10 percent
(On gross income)
20. 6.Income earned by resident foreigner 15 percent
7.Capital gain (resident) 10 percent
8.Capital gain (Non-resident Foreigner) 40 percent
9.Salary Progressive rates
ranging from 3 percent to 30 percent
(At 30 percent on income exceeding Kyat 500,001)
10.Professional income, business income, Progressive rates ranging
property income, income from other from 5 percent to 35
sources and income from percent
undisclosed sources of Individual At 35 percent on income
exceeding Kyat
2,000,001)
22. 21 India tax history
• The organizational history of the Income-tax
Department starts in the year 1922. The
Income-tax Act, 1922, gave, for the first time,
a specific nomenclature to various Income-tax
authorities.
23. 22 India tax type
• The Income tax government of India has introduced
this method of taxation in order to stabilize the
economy of our country. The money that is collected
by way of taxes is spends on the welfare of the
country and its citizens. The Income tax government
of India have taking out different types of taxes. The
income tax rates India are of three types. They are
progressive, proportional and regressive.
24. 23
India sources of revenue
The major source of revenue in India is through
(1) Direct taxes (2) Indirect taxes (3) Deficit
financing (4) International borrowings
25. Top 5 government spending of revenue for
24 India
Currently this information is unavailable
27. 26
Philippines tax history
• During the 17th and 18th centuries, the Spanish
perform their duties as tax collectors. During these
times, taxes that were collected from the inhabitants
varied from tribute or head tax of one gold maiz
annually; tax on value of jewelries and gold trinkets;
indirect taxes on tobacco, wine, cockpits, burlas and
powder. From 1521 to 1821, the Spanish treasury
had to subsidize the Philippines in the amount of P
250,000.00 per annum due to the poor financial
condition of the country, which can be primarily
attributed to the poor revenue collection system.
28. 27 Philippines tax type
progressive tax since the tax base increases as
the tax rate increases. Taxation is founded on
the ability of the taxpayer to pay. It is also a
combination of the global and scheduler
systems of taxation.
29. 28 Philippines tax rate
• Not over P10,000………………………………… 5%
• Over P10,000 but not over P30,000……………… P500+10% of
the excess over P10,000
• Over P30,000 but not over P70,000……………… P2,500+15%
of the excess over P30,000
• Over P70,000 but not over P140,000……..……… P8,500+20%
of the excess over P70,000
30. 29 Philippines tax rate
• Over P140,000 but not over P250,000……………
P22,500+25% of the excess over P140,000
• Over P250,000 but not over P500,000……………
P50,000+30% of the excess over P250,000
• Over P500,000 ……………………………………
P125,000+34% of the excess over P500,000 in 1998.
31. 30
Philippines sources of revenue
• Sources of Revenues; the following taxes are national internal revenue
taxes:
• 1. Income Tax
• 2. Estate and donor's taxes
• 3. Value-Added tax
• 4. Other percentage taxes
• 5. Excise taxes
• 6. Documentary Stamp taxes
• 7. Such other taxes as are or hereafter may be imposed and collected by
the Bureau of Internal Revenue
32. 31
Philippines sources of revenue
• Tariffs and Duties
– Second to the BIR in terms of revenue collection, the Bureau of Customs (BOC) imposes
tariffs and duties on all items imported into the Philippines. According to Executive
Order 206, returning residents, Overseas Filipino Workers (OFW’s) and former Filipino
citizens are exempted from paying duties and tariffs.
• E-VAT
– The Extended Value Added Tax (E-VAT), is a form of sales tax that is imposed on the sale of goods
and services and on the import of goods into the Philippines. It is a consumption tax (those who
consume more are taxed more) and an indirect tax, which can be passed on to the buyer. The
current E-VAT rate is 12% of transactions. Some items which are subject to E-VAT include petroleum,
natural gases, indigenous fuels, coals, medical services, legal services, electricity, non-basic
commodities, clothing, non-food agricultural products, domestic travel by air and sea.
• Income Taxes
– Income tax is a tax on a person's income, wages, profits arising from property, practice of profession,
conduct of trade or business or any stipulated in the National Internal Revenue Code of 1997 (NIRC),
less any deductions granted. Income tax in the Philippines is a progressive tax, as people with higher
incomes pay more than people with lower incomes. Personal income tax rates vary as such
33. How do the government of Philippines
32
spend their tax
• Allocation of the top 10 Departments (In billion pesos)
Department FY 2010 FY 2011 Ranking
GAA GAA
1. DepEd (inc. SBP) 175 207.3 1
2. DPWH 135.6 110.6 2
3. DND 96.2 104.7 3
(inc. AFP Modernization Fund)
4. DILG 78.8 88.1 4
5. DA 41.2 35.2 5
35. 34
Thailand tax history
• The Revenue Department of
Thailand was founded on the
2nd September 1915 by King
Rama VI(ร.๖), following on
from King Rama V's(ร.๕)
visions to establish
countrywide infrastructure,
and to provide a revenue
collection platform in order for
37. 36
Thailand sources of revenue
• Personal income tax.
Corporate income tax.
VAT
Private enterprise Tax.
Income tax.
And taxes are collected by local authorities, including.
Tax.
Property tax
Local maintenance tax
38. 37 How government spend their tax
Thailand
• Budget of Thailand 2001-2011.htm