Tax Assessment and Collection Problems of Category A'' Taxpayers a Case of Yeka Sub City Form
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People also ask
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How to improve tax system in desh?
Increase tax-GDP ratio, broaden the tax base, improve the quality of revenue administration, reduce the corporate tax rate, and abolish tax holiday and dividend distribution tax. To build a modern tax system and an effective tax administration that facilitates and improves voluntary compliance with tax laws.
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What are the main problems in current tax system?
The tax laws are overly complex, burden America's taxpayers, and negatively impact voluntary compliance. The system of preparing and filing taxes is too difficult because it is costly and timeconsuming.
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Which type of tax is collected by the local or state government based on the assessed value of the land that is being taxed?
A property tax is a tax levied on the value of "real property" (land and buildings, both residential and commercial) or personal property (business equipment, inventories, and noncommercial motor vehicles). State and local governments collected a combined $630 billion in revenue from property taxes in 2021.
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What are the challenges of tax assessment and collection procedures in desh?
desh's tax administration faces inefficiencies due to limited resources, outdated technology, and insufficient training. Modernising technology, increasing resources, and enhancing the training of tax officials are essential to streamline tax collection and enforcement.
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What is assessment procedure in income tax?
The Income Tax Department examines the return of. income for its correctness. The process of examining the return of income by the Income- Tax department is called as “Assessment”. Assessment also includes re-assessment and.
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What are the challenges faced by the tax authority KRA in the implementation of tax reforms in Kenya?
These responses were then tabulated and weighted to determine key challenges and responses. The findings indicate that the greatest challenge KRA encountered was resistance to change followed by lack of requisite skills. Other challenges included lack of resources and a supportive telecommunication infrastructure.
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Who are category A taxpayers in Ethiopia?
Category A taxpayers: A body or any other person having annual gross income of ETB 1,000,000 or more.
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What are the factors affecting tax collection in Ethiopia?
Tax revenue may be affect-ed by various factors such as inflation, unemployment, tax rates, level of actual income exchange rate and foreign direct investment. The research approaches adopted in this thesis include col-lections of series data set that consists of twenty five years.
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