direct tax

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  • noun

Words related to direct tax

a tax paid directly by the person or organization on whom it is levied

References in periodicals archive ?
1834) (reproducing proposed amendment that direct taxes not be imposed "but where the moneys arising from the duties, impost, and excise are insufficient," and even then only after unsuccessful requisitions).
The comments came as response to the report of the Member of the Parliament from the ruling GERB party, Menda Stoyanova, that a possible increase of direct taxes will be discussed in the fall.
While almost everyone agreed that the national government needed a direct-tax power, if only to provide funds during emergencies when indirect-tax revenues might well decline,(71) most founders thought that a specific constitutional limitation with teeth was required to constrain the imposition of direct taxes.
To suggest that the distinction under the GATT between indirect and direct taxes is largely a matter of form highlights another important point.
17 ( ANI ): India and Iran on Saturday signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, Central Board of Direct Taxes (CBDT) revealed.
The Survey pointed out that economic and political development has been associated with a rising share of direct taxes in total taxes.
In 2003, Poland, Slovenia and Slovakia recorded the lowest shares of direct taxes in the total tax burden.
The government hopes to raise indirect taxes, such as asset-related taxes, and reduce the burden of direct taxes in comprehensive tax reforms.
An official release from the Central Board of Direct Taxes (CBDT) noted that the net collection for the current fiscal was Rs 6.
e 44 percent followed by direct taxes 39 percent customs 11 percent and federal excise duty (FED) 6 percent in 2013-14 source said to research analyst-PAGE.
The experts said that the sectoral contribution of direct taxes is fairly skewed.
The direct taxes kitty touched Rs 68,675 crore during the quarter, up from Rs 59,465 crore during the same period last fiscal, figures released by the finance ministry on Tuesday showed.
Looking at the different types of taxes and their share in total tax revenues, generally, the new Member States have a lower share of direct taxes in relation to total tax revenues and a higher share of indirect taxes and social security contributions.