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DB12 Paying Taxes Survey (Excel)

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					Paying taxes– Economy - www.doingbusiness.org

Dear Contributor,

We would like to thank you for your cooperation with the Doing Business project. Your
contribution and expertise in tax are essential to the success of the Doing Business report, an
annual publication of the World Bank and the IFC that benchmarks business regulation in 183
economies worldwide. The same data is also used for a joint World Bank
Group/PricewaterhouseCoopers publication entitled Paying Taxes – The Global Picture.

Since its inception in 2004, Doing Business has informed more than 300 reforms around the
world, making it easier for small and medium sized entrepreneurs to do business. In 2009/10, 40
economies reformed their tax systems and procedures.

Doing Business 2011: Making a Difference for Entrepreneurs, which was launched on November
4, 2010, received a record number of 2,744 media citations within one month of publication,
including coverage from all major global, regional and local media outlets including TV, print,
broadcast and web. The positive feedback from governments around the world who are using the
Doing Business reports as an input for policy debate about regulatory reform is only possible
thanks to the generous contribution of over 8,000 experts like you, in 183 economies.

The Paying Taxes Index is one of the 11 indicators of the Doing business report. It measures
certain aspects of tax systems from the point of view of a domestic company complying with the
different tax laws and regulations in each economy. The indicator covers the cost of taxes borne
by the case study company and the administrative burden of tax compliance for the firm.

For Doing Business 2012, we are honored to be able to count on your expertise. In addition to
providing data for the year 1 January 2010 to 31 December 2010, we would be interested in
understanding any reforms affecting paying taxes in your country since 2010. We also particularly
draw your attention to the qualitative Tax Administration questions, the completion of which
provides valuable insight into the tax system of your country. We therefore urge you to provide us
with this information. Also we are continuting this year to collect information on tax and mandatory
contributions paid directly by employees to the tax authorities, which we invite you to complete as
necessary.

We would appreciate if you could return the completed survey by March 4, 2011 to Charlotte
Nan Jiang or Margherita Fabbri. Please make sure to complete your name and address, so we
can mail you a complimentary copy of the report.

We thank you again for your invaluable contribution to the World Bank’s work. If you have any
questions, please do not hesitate to contact us.




Ms. Charlotte Nan Jiang                                   Margherita Fabbri
Email: Charlotte Nan Jiang                                Email: Margherita Fabbri
Phone: +1 202 458-9543                                    Phone: +1 202 458-9096
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                            Respondent information - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls

                                 Please update the respondent information
              Title (Mr., Ms.,   First Name          Last name            Position                Department Phone           Fax         E-mail
              etc.)



Publish
information          NO                  NO                    NO                        NO               NO            NO          NO            NO
*

              Firm               Street Address        City                      Zip Code                       Country      Website     Other


Publish
information          NO                NO                                                                                          NO
*
              *Note: Please list all respondents who participated in completing this survey. Unless you indicate otherwise, we will list you and
                                                                                                                                                                          Instructions - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls




                                                         How to proceed: Please read instructions carefully before starting to complete the survey

     In the following worksheets, please calculate the total amount of tax paid to all levels of government by TaxPayerCo during the fiscal/financial year ended 31 December 2010. In addition please provide
1
     the time necessary to comply with the tax regulations as well as details on the number of payments required.

     The questionnaire is already populated with the numbers applicable to the company's fiscal/financial year ended 31 December 2009. You only have to update those numbers for the fiscal/financial year
2
     ended 31 December 2010.

     Please start by updating the worksheets "VAT, GST or Sales Tax," "Deductions and Provisions," and "Wages" by filling in the grey cells. Then you can update the worksheet "Statements" which contains
3    the tax computation and the tax depreciation workings. A few of the cells (light blue color) in the worksheet "Statements" are linked to the cells in the previous two worksheets. For that reason it is
     important to complete the survey in this order. When these four worksheets are complete, please move on to complete the final worksheet "Summary".


     Always use the most favorable method for the company for computing the taxes, i.e. minimize taxes within the legal constraints and by making reasonable assumptions where necessary. Please
4    state any such assumptions clearly in the "NOTES" corresponding to the relevant data input cell. The information provided should be based on a typical or normal business of a similar size in your
     country. Please input data only in the grey cells.



5    Correction or reform: Please indicate in the column "Notes" whenever you make a change to the numbers already populated in the sheets and indicate whether this change is a
     correction or a reform. A correction results from an error in the data presented (wrong statutory rates, erroneous deduction, etc). A reform results from a modification in law or in
     practice including administrative guidelines and instructions. It may increase or reduce the numbers, as relevant, for the fiscal/financial year ended 31 December 2010.

                                                                                                 Case study company
        In order to make responses comparable across countries, a standardized case study was developed. Please bear in mind the following assumptions for a standardized company
                                                            called "TaxpayerCo," described below when completing the survey

                                                                                     General assumptions about the company

1    The company (TaxPayerCo) started operations 2 years ago, on 1 January 2009. On that date the company bought all the assets shown in its balance sheet.

     Type and location: TaxPayerCo is a taxable corporation and operates in a typical manufacturing location within the most populous city in the country. The company is liable for taxes charged at the
2
     local, state/provincial and national level. Please consider taxes at all levels when completing the worksheets. TaxPayerCo does not qualify for investment incentives or any special benefits.


3    Ownership: It is 100% domestically and privately owned, that is to say no foreign or state ownership. The company has 5 owners, none of whom is a legal entity

4    Capital: The capital has not changed since the company was created.
     Accounting rules: Accounting is compliant with applicable GAAP (whether local or international depending on your country's laws). This includes for example, the IAS/IFRS regime if applicable to your
5
     country.

     Type of operation: TaxPayerCo performs general industrial or commercial activities. In particular, it produces ceramic flower pots and sells them at retail. All its transactions are purely domestic and it
6
     does not handle any products subject to a special tax regime, such as liquor or tobacco.


7    Financial Statements: The financial statements with the tax-written down balances are provided in the sheet ' Statements". Relevant expenses are found itemized in 'Deductions and provisions".


                                                                               Important Points on Methodology and Assumptions



     Mandatory tax books and records: In the course of the financial year, companies are required to maintain various books and records for accounting and audit purposes. These books are often used
     also for preparing tax computations and completing tax returns. In some cases, tax laws or tax authorities may also require companies to keep additional books and records specifically for tax
8    purposes, which are over and above those kept for the accounting and audit processes, and which are not required for the financial reporting processes. In completing compliance time, there is an entry
     under each of the three tax categories for time related to maintaining mandatory tax books and records. Please disregard in those entries any time spent on books and records which are also used for
     financial accounting or audit purposes.


                                                                                           Assumptions about employees

                                           The Goal: To determine the types and amounts of taxes borne by the employer as well as employee withheld taxes.

     Employees: The company has 60 employees: 4 managers, 8 assistants and 48 workers. All the workers were hired on the same day: January 1st, 2009. No employee has left the company and no new
9    employee has joined the company since 1 January 2009. One of the managers is also an owner. All employees at any given level earn the same wage as others at their level. All employees are nationals,
     male and married with two children each.


     Social security contributions and payroll taxes: Please include all social security contributions and payroll taxes paid by the employer for each category of employee on the wages and salaries paid
     by the company. These taxes may be termed differently in different economies. These taxes and contributions should be split between those that are a cost to the employer and those that are withheld by
10
     the employer on behalf of the employee. Please also include in the relevant separate cells social security contributions and payroll taxes paid directly by the employee in relation to the wages and salaries
     paid to them by the company


   Other taxes and mandatory contributions on employees: In this category include all other taxes and social contributions paid by the company , withheld by the company from employees' pay or paid
11 directly by the employees. Please keep in mind that these can be collected by different levels of government. Please include all government mandated contributions even if paid to non government entities
   (e.g. compulsory guarantees and insurance paid to third party agencies).


                                                                                          Assumptions about fixed assets

                                              The Goal: To determine the amounts of tax depreciation and amortization for both fixed and intangible assets.

   Land: On 1 January 2009, the company began operations owning 2 plots of Land. The area of plot number 1 was 6,000 square feet (557.4 square meters) and the area of plot number 2 was also 6,000
12 square feet (557.4 square meters). At the beginning of 2010, plot number 2 is sold. Assume that the value of the land provided is net of any tax deductible depreciation in 2009. Please compute the tax
   deductible depreciation for 2010 only.

   Building: The Building, where production and storage takes place, was originally 10,000 square feet (929 square meters) located in plot 1. It was expanded in 2010 with half of the proceeds from the
13 sale of land plot 1. Bear in mind therefore that there are two elements to the building: original structure (40*GNI per capita) which may need grossing up if straight line depreciation is applicable and the
   expansion (18*GNI per capita) which is gross. Please compute the tax deductible depreciation for 2010 only.

     Machinery: The Machinery is classified as light machinery for tax purposes. Assume that the value of the machinery provided is net of any tax deductible depreciation in 2009. Please compute the tax
14
     deductible depreciation for 2010 only.

   Truck: Truck is used to ship products to clients, and is classified as a non-luxury and medium size unit. This truck does on average 80,000 km per year (50,000 miles per year) and weighs 15,300 kilos
15 (34,000 pounds) when loaded. Assume that the value of the truck provided is net of any tax deductible depreciation in 2009. Please compute the tax deductible depreciation for 2010 only. Please do not
   use this mileage for computing the fuel tax. The fuel consumption is provided in "Tax-deductible expenses" and does not necessarily match the assumptions on mileage.


16 Computers: The company has 10 computers. Assume that the value of the computers provided is net of any tax depreciation in 2009. Please compute the tax depreciation for 2010 only.


     Office Equipment: The Office Equipment is composed of standard office tables, chairs, one copier, one fax machine, one scanner, and 10 phones. Assume that the value of the office equipment
17
     provided is net of any tax depreciation in 2009. Please compute the tax depreciation for 2010 only.

     Business development expenses: These are expenses that the company incurred when starting operations and were capitalized. The value of business development expenses provided is net of any
18
     amortization in 2009. These expenses are valued at 12 times GNI per capita. Please compute the tax amortization/depreciation for 2010 only.


   Capital Gains: In the second year (2010) the company sells a plot of land that it has owned for 12 months at the value indicated at the bottom of the sheet 'Statements". Please indicate if there is a
19 capital gains tax separate from corporate income tax by including the tax rate in the appropriate grey cell. Please state also if realtor fees or legal fees associated with this transaction are deductible.
   Please note that half of the proceeds from this sale are reinvested in assets (by expanding the existing building).


                                                                            Assumptions about provisions (GENERAL PROVISIONS)

                                                   The Goal: To determine which general provisions are deductible in computing corporate income tax.


20 Bad debt: Assume that TaxPayerCo estimates 10% of its account receivables will not be collected. These 10% of account receivables are overdue for at least 6 months and are not guaranteed debt.


     Pension contributions: The company puts aside every year 1 % of total paid wages in an internal pension fund for its employees. This is a provision, not an actual expense. No funds leave the
21
     company.
     Maintenance and repairs: The company puts aside every year 1 % of the net value of machinery to pay for future machinery repairs. This is a provision, not an actual expense. No funds leave the
22
     company.

                                                                                 Assumptions about profit and loss distribution

          The Goal: To determine the amount of prior year tax losses that can be utilized in this year's tax computation, and to determine whether the company bears any tax on paying
                                                                                             dividends.

     Losses: The company made tax losses in the first year of operations (2% of capital). If these tax losses can be brought forward to 2010, please incorporate this in the calculation by inputting the
23
     maximum losses that can be utilized in this financial year. Please include the maximum deduction rate in the appropriate grey cells in 'Statements'.


     Dividends: The second year (2010) the company distributes 50% of its profits to its owners. Please compute any dividend tax borne by the company in this transaction. If the company merely withholds
24
     tax on paying shareholders, EXCLUDE this withheld dividend tax from this cell. The dividends are paid in cash. The other 50% of profits are kept as retained earnings.


                                                                                       Assumptions about general expenses


                                          The Goal: To determine the company's expenses for the year that are deductible for corporate income tax purposes.

     Deductible Taxes: In 'Deductions and Provisions' please account for business taxes that are deductible for corporate income tax purposes, for example property taxes, financial transaction taxes and
25
     stamp duties among others, charged across different levels of government.

     Interest income: It is assumed that the company keeps a money market account at the bank which earns an interest of 4% per year. This is an interest-bearing bank deposit account. All the company's
26
     cash is in this money market account. Please respond to the questions raised on the tax on interest in the 'Deductions and Provisions' sheet.

     Check transactions: 50% of accounts payable are paid by check, so the company may pay a tax on check transactions. The company writes on average 20 checks per month to pay its suppliers
27
     including general expenses (such as utilities).
28 Operational expenses: Includes salaries plus all the general administrative expenses necessary to carry out operations.

   Start-up expenses: Official and attorney fees paid at the time of incorporation (on 1 January 2009). If the company can deduct these expenses in full in the first year of operation, then input zero as this
29 year's deductible expense. If the tax law allows companies to assign these expenses to future years and such future assignment is done by majority of firms like TaxPayerCo, please incorporate this in
   the calculation. Then please deduct the maximum possible in the second year of operations (2010).


30 Advertising expenses: The company hires the services of an advertising company to promote its ceramic products at an annual cost of 1% of its sales revenue.


   Leasing expenses: In the second year (2010), the company leases a new truck for 3 years due to the increasing demand for transportation of its products. This truck covers on average 80,000 km
31 (50,000 miles) per year, and weighs 34,000 pounds (15,300 kilos) when loaded. Please do not use this mileage for computing the fuel tax. The fuel consumption is provided in the 'Deductions and
   Provisions" worksheet and does not necessarily match the assumptions on mileage.

     Medical insurance for employees: The company pays part of the medical insurance premium for its employees. This medical insurance is an extra benefit for the workers and goes beyond what may
32
     be mandated by law. It amounts to 1% of total salaries.
33 Building insurance: The company insures the building against fire and theft at a cost of 1% of the building's value.
34 Accountancy fees: The company hires an accountancy firm to manage its books.
35 Legal fees: The company hires a law firm for writing contracts with its suppliers and clients, and for other legal services.
     Machinery repair expenses: In the second year of operations (2010), the company is forced to repair some of its machinery. These repairs do not add value to the machinery. The cost of the repairs
36
     is NOT capitalized in the company's books.
37 Patent Royalties: The company pays royalties to another domestic company for a patented industrial process that the company uses in its operations.

38 Business travel expenses: Refers to travel by the company managers for business purposes (e.g. to meet clients and suppliers).

39 Owners' expenses: These are expenses made by the owner: 60% are expenses on business travel, 20% are expenses on entertaining customers and 20% are purely private expenses.

40 Fuel expenses. TaxPayerCo purchases vehicle fuel and therefore should pay fuel tax (if applicable). Fuel tax may be embedded in the price of fuel paid at the pump upon fuel purchase.


41 Environmental duties. TaxpayerCo produces 2 tons of non-toxic waste per month and therefore must pay the tax or other duties (if any) associated with waste production.
                          a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls 0. Reform Update


                                            Questions on tax reforms
Please update us on any tax reforms that occurred in your country or are planned for the next year. These could
include new tax codes, change in rates, change in frequency of payment of taxes, unification of tax agencies into
one administration, elimination or merging of taxes, online filing, among others.


    Question                                                                    Answer
  1 Between 1 January 2010 and 31 December 2010 was there any change to the tax laws, regulations or
    administration in your country?
    If yes please explain.
  2 Between 1 January 2010 and 31 December 2010:
    ·      were any new taxes introduced? If yes, please explain.
    ·      were any taxes eliminated or merged with other taxes? If yes, please
    explain.
  3 Between 1 January 2010 and 31 December 2010, did any of the following tax rates change? If yes,
    please explain.
    a. Corporate income tax
    b. Labor taxes and social contributions
    c. Consumption tax/VAT.
    d. If VAT exists in your country, please indicate any VAT changes
    implemented since January 2008
    e. Any other tax rates
  4 Between January 1, 2010 and December 31 , 2010, did the tax payment or filing schedules change for
    any of the following taxes? If yes, please explain.
    a. Corporate income tax
    b. Labor taxes and social contributions
    c. Consumption taxes/VAT
    d. Any other taxes
  5 Between January 1, 2010 and December 31 , 2010, were there any legal or regulatory changes that
    increased or reduced the time for preparing, filing and paying any of the following taxes? If yes,
    please explain.
    a. Corporate income tax
    b. Labor taxes and social contributions
    c. Consumption taxes/VAT
  6 Between January 1, 2010 and December 31 , 2010, were there any changes to the method (e.g.
    electronic capabilities) of preparing, filing and paying any of the following taxes that increased or
    reduced the time required? If yes, please explain.
    a. Corporate income tax
    b. Labor taxes and social contributions
    c. Consumption taxes/VAT
  7 Are any changes to tax rates, associated rules or tax administration expected to become effective
    between 1 January 2011 and 1 June 2011? Please note that these reforms will not impact the data in
    this year's report. If yes, please describe below:
    a. Corporate income tax
    b. Labor taxes and social contributions
    c. Consumption tax/VAT.
    d. Any other taxes
a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls 0. Reform Update
                                                                                                                                                 1. VAT, GST or Sales Tax - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls




Value Added Tax (VAT), Sales Tax OR Goods and Service Tax (GST)



Please update for fiscal/financial year 2010. This information will be used to calculate the number of payments and compliance time.
The company has an annual turnover of: (in local currency)                                                              -

Nature of goods sold: Ceramic flower pots manufactured by the company from local raw material (clay). All products sold locally at retail.




Please list all the transaction taxes (such as VAT, Sales Tax, Consumption Tax, Goods and Services Tax, Turnover Tax, Wholesale Tax or equivalent) that the company has to pay throughout the year at all levels of government. If the tax
follows a debit/credit system like the VAT -regardless of the tax name- include it in the row named VAT; and if TaxpayerCo is taxed as a final purchaser with no credit/debit system, then include the tax in the row named Sales Tax - again
regardless of the name of the tax (common names are consumption tax, state sales tax, general transaction tax). Please note how often and how much the company should pay in transaction taxes. If the taxes are paid more often than
monthly, please indicate that. If more than one tax is paid on turnover/sales please use the row "Other taxes on sales and turnover".



Please indicate in the column "Notes" whenever you make a change and indicate whether this change is a correction or a reform


Name and brief description of taxes

                                                                                                                             Paid
                                                                                                         Monthly           Quarterly       Yearly                                            Notes (if any)
VAT
Sales tax
Other taxes on sales or turnover


Please provide information on the time it takes to prepare, file for and pay VAT, GST or Sales Tax. Information provided will be linked to Sheet "6.Time"
1. PREPARATION                                                         This should include all time spent calculating the tax liability for                             KEY STEPS AND TASKS FOR VAT, GST, or Sales Tax

                                                                                                          Hours per year                              Please outline briefly the main steps and tasks for each time entry. Specify what you
                                                                                                                                                      believe hastens the process (e.g. electronic systems) and what slows it down (e.g. too
                                                                                                                                                      few counters).
Data gathering from internal sources (for example accounting records)
if held
Additional analysis of accounting information to highlight tax sensitive
items
Actual calculation of tax liability including data inputting into
software/spreadsheets or hard copy records
Time spent maintaining/updating accounting systems for changes in
tax rates and rules
Preparation and maintenance of mandatory tax records if required (see
"Instructions" for definition of mandatory tax records).
Other activities undertaken to comply with VAT/GST/Sales Tax in your
economy (specify below:)


Total                                                                                                            0

2. FILING                                                                     This should include all time spent completing and filing the tax
                                                                                                           Hours per year                             Please outline briefly the main steps and tasks for each time entry. Specify what you
                                                                                                                                                      believe hastens the process (e.g. electronic systems) and what slows it down (e.g. too
                                                                                                                                                      few counters).
Completion of tax return forms
Time spent submitting forms to tax authority, which may include time
for electronic filing, waiting time at tax authority office etc
Other activities undertaken to comply with VAT/GST/Sales Tax in your
country (specify below:)




Total                                                                                                            0

3. PAYMENT                                                                    This should include all time spent calculating any tax payments
                                                                                                                                                      Please outline briefly the main steps and tasks for each time entry. Specify what you
                                                                                                                                                      believe hastens the process (e.g. electronic systems) and what slows it down (e.g. too
                                                                                                                                                      few counters).
Calculations of tax payments required including if necessary extraction
of data from accounting records, and time spend maintaining/updating
accounting systems for changes in tax rates and rules.

Analysis of forecast data and associated calculations if advance
payments are required (for example quarterly installment payments
based on estimates of expected tax liability)
Time to make the necessary tax payments, either online or at the tax
authority office (include time for waiting in line and travel if necessary)

Other (specify)



Total                                                                                                            0

Grand Total VAT, GST OR SALES TAX TIME                                                                           0


Notes or comments (if any)
                                                          2. Deductions & Provisions - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls



This sheet gathers information for Corporate Income Tax (CIT) and Other Taxes. It is divided in three parts: Tax-deductible expenses, Other Taxes and General Provisions.



In each category, please note that the information for fiscal/financial year 2010 has already been pre-populated based on what we have in our files from previous years. Kindly review all
the information and update it for 2010 based on the law in your country. If you make a change to any of the information, please indicate under "Notes" whether this change is due to a
correction or a reform (defined in the sheet "Assumptions"). Please insert new rows if other taxes, deductions or provisions apply but are not listed in the worksheet.




                                                                                PART ONE: TAX-DEDUCTIBLE EXPENSES


Please confirm the amount of each of the following expenses that are deductible in computing corporate income tax, noting the total amount of deductions allowed per year.

                                                                                    Deductions
                 Other possible deductions                              2010         Allowed                Notes (if any)                                     Assumptions
                                                                                                                                      Start-up expenses: Official and attorney fees paid at the
                                                                                                                                      time of incorporation (in 2009). If it is legal and more
                                                                                                                                      favorable to the company to assign these expenses to future
                                          Start-up expenses
                                                                                                                                      years, please incorporate this in the calculation. Then please
                                                                                                                                      deduct the maximum possible in the second year of
                                                                ####        -                   -                                     operations (2010). If not, please put 0.
                                                                                                                                      Advertising expenses: The company hires the services of
                                       Advertising expenses                                                                           an advertising company to promote its ceramic products and
                                                                 1%         -                   -                                     pays it 1% of its sales revenue.
                                                                                                                                      Leasing expenses: In the second year (2010), the company
                                                                                                                                      leases a new truck for 3 years due to the increasing demand
                                          Leasing expenses                                                                            for transportation of its production. This truck does on
                                                                                                                                      average 80,000 km per year (50,000 miles per year) and
                                                                                                                                      weighs 34,000 pounds (15,300 kilos) when loaded.
                                                                50%         -                   -
                                                                                                                                      Medical insurance for employees: The company pays part
                                                                                                                                      of the medical insurance premium of its employees. This
        Insurance premium - Medical insurance for employees
                                                                                                                                      medical insurance is an extra benefit for the workers and is
                                                                                                                                      beyond what is mandated by law (1% of total salaries)
                                                                 1%         -                   -
                                                                                                                                      Building insurance: The company insured the building
                               Insurance premium - Building                                                                           against fire and theft (paying 1% of building value in
                                                                 1%    #DIV/0!        #DIV/0!                                         insurance) .
                                                                                                                                      Business travel expenses: Refers to travel of the company
                                   Business travel expenses                                                                           managers and related to business work (e.g. to meet
                                                                10%         -                   -                                     clients/suppliers).
                                                                                                                                      Accountancy fees: The company hires an accountancy firm
                                          Accountancy fees
                                                                10%         -                   -                                     to manage its books.
                                                                                                                                      Legal fees: The company hires a law firm for writing
                                                  Legal fees                                                                          contracts with its suppliers and clients, and other legal
                                                                10%         -                   -                                     services.
                                                                                                                                      Machinery repair expenses: In the second year of
                                 Machinery repair expenses                                                                            operations (2009), the company is forced to repair some of
                                                                                                                                      its machinery. These repairs to not add value to the
                                                                 5%         -                   -                                     machinery.
                                                                                                                                      Patent Royalties: The company pays royalties to another
                                             Patent royalties                                                                         domestic company for a patented industrial process the
                                                                50%         -                   -                                     company uses in its operations.
                                                                                                                                      Owners' expenses: These are expenses made by the
                                                                                                                                      owner: 60% are expenses on business travel, 20% are
                                          Owners' expenses
                                                                                                                                      expenses on entertaining customers and 20% are purely
                                                                10%         -                   -                                     private expenses.
Total Allowed Deductions                                               #DIV/0!        #DIV/0!




                                                                                     PART TWO: OTHER TAXES

Based on the assumptions, the company holds various assets and undertakes various transactions which may have tax implications. All these taxes are classified under 'Other Taxes".
Please confirm the other taxes paid by the company (apart from labor taxes). Please list and compute additional 'Other Taxes" (one tax per row, so please insert rows as necessary). If
these taxes are deductible for CIT purposes, please indicate the deductible part of those taxes under the column "Deductions Allowed".
                                                                              Deductions
                                                                   2010          Allowed                 Notes (if any)                                Assumptions

                  TAX ON INTEREST
                                                               4%   #DIV/0!
Money market account (interest-bearing bank deposits) interest EARNED
Tax on money market account interest (e.g., withheld by the bank)        -                      -

Please specify which of the following four scenarios applies here: (ONLY ONE SHOULD READ "Y")
Tax on interest is DEDUCTED from taxable income (Y/N)           Y Amount deducted above & it's assumed interest's taxed further. If
Interest taxed further at CIT rate, advance tax on interest is                                                                    -
CREDITED against CIT liability (Y/N)
Interest taxed further at non-CIT rate, advance tax on interest                                                                   -
is CREDITED against CIT liability (Y/N)
Interest is NOT INCLUDED IN TAXABLE INCOME;                                                                                       -
WITHHOLDING TAX IS FINAL TAX (Y/N)
Interest is NOT INCLUDED IN TAXABLE INCOME;                                                                                       -
WITHHOLDING TAX IS NOT FINAL TAX (Y/N)

Check (cheque) transactions tax
Accounts payable by check (In 2010, average of 20 checks per month)         -
                                                                                                                                      Check transactions: 50% of accounts payable are paid by
Tax paid by company for check transactions                      50%
                                                                                                -                                     check for all supplies including utilities.

Deductible labor taxes (employer-borne)
Social Security contributions                                               -                   -
Medical tax                                                                 -                   -
                                                                                                -
                                                                                                -
                                                                                                -
                                                                                                -

Other taxes (e.g., property, transport, highway, lease, other municipal etc)
                                                                                                -
                                                                                                -
                                                                                                -


                                                                                                                                      Vehicle tax. The Truck is used to ship products to clients,
                                                                                                                                      and is classified as a non-luxury and medium size unit. This
                                                                                                                                      truck does on average 80,000 km per year (50,000 miles per
                                                                                                                                      year) and weighs 15,300 kilos (34,000 pounds) when loaded.
                                                                                                                                      Assume that the value of the truck provided is net of any tax
                                                                                                                                      deductible depreciation in 2009. Please compute the tax
                                                                                                                                      deductible depreciation for 2010 only.
                                                                                                -
property tax - building                                                                                                               PLEASE INPUT BELOW THE AVERAGE PRICE OF FUEL (2010 AVERAGE)
Fuel tax                                                                                                                              Value of fuel consumption                              0
Filling fee                                                                                                                           Fuel price (average for 2010)
Stamp duty
                                                                                                                                      Environmental duties. TaxpayerCo produces 2 tons of non
Environmental tax (2 tons of non toxic waste per month)                                                                               toxic waste per month and therefore must pay the duties (if
                                                                                                                                      any) associated with waste production.
Total                                                                       -                   -




                                                                                 PART THREE: GENERAL PROVISIONS

Please confirm if each of the following general provisions are deductible in computing CIT, noting the total amount of provisions allowed per year.

                 Other possible provisions                              2010          Allowed               Notes (if any)                                     Assumptions
                                                                                                                                       Assume that TaxPayerCo estimates 10% of its accounts
                                                                                                                                      receivables will not be collected. These 10% of accounts
                                                                                                                                      receivables are overdue for at least 6 months and are not
                                                                                                                                      guaranteed debt. The company knows the actual debtor
                                                                                                                                      accounts which will probably not be paid and sets aside this
                                                   Bad debt 10%             -                   -                                     provision.
                                                         2. Deductions & Provisions - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls



                                                                                                            The company puts aside every year 1 % of total paid wages
                                                                                                            in an internal pension fund for its employees. This is a
                                                                                                            provision, not an actual expense. No funds leave the
                       Pension contributions (for employees)   1%   -           -                           company.
                                                                                                            The company puts aside every year 1 % of the net value of
                                                                                                            machinery to pay for future machinery repairs. This is a
                                                                                                            provision, not an actual expense. No funds leave the
                                    Maintenance and repairs    1%   -           -                           company.
Total Allowed Provisions                                            -           -

Additional notes or comments (if any)
                                                                                                                          3. Wages - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls




Details on labor taxes and mandatory contributions. Please update for fiscal year 2010. This information will impact the total tax rate through the labor tax category and its deductibility for corporate income tax purposes.



Please update the grey cells with the tax rate applicable to each category of employee, computing all of the labor-related taxes paid directly or withheld by the employer as well as those paid by the employee in relation to employment income, under the
separate headers below. Assume the simple average deduction or tax relief in all cases for computing the personal income tax withheld by the company or paid by the employee. You may include additional information and recompute the tax and
contributions numbers. Please include any floors and ceilings applicable. A floor is the minimum tax base on that particular tax or contribution (i.e. a floor of 200 means that a wage of 300 would pay tax only on 100). A ceiling is the maximum tax base on
that particular tax or contribution (i.e. a ceiling of 5,000 means that a wage of 6,000 would pays taxes only up to 5,000).


Employees. The company has 60 employees: 4 managers, 8 assistants and 48 workers. All were hired on the same day: 1 January 2009. No employee has left or joined the company since 1 January 2009. One of the managers is also an
owner. All employees at any given level earn the same wage. All employees are male nationals, married with two children each.
Please indicate in the column "Notes" whenever you make a change and indicate whether this change is a correction or a reform


                               Total Gross Salaries                                                                                      -     Notes (if any)    Assumptions


Is personal income tax arising on employee wages and salaries paid by the company withheld? Y/N?

                                                                                                                                                                                                                                                                    Total
Managers                             Gross Salaries                                                                                      -                                                                                                                            9     managers
Standard deductions for Personal Income Tax purposes                                                                                                                                                                                                                 10     assistants
   Taxable Salaries for Personal Income Tax purposes                                                                                     -                                                                                                                           48     workers
Taxes on Labor withheld by employer                                            Floor        Ceiling      Tax Rate'10
                                                                           (lowest base)   (highest                                                                                                                                                                  67

                                                                                                                                                                Personal income tax withheld: Each employee is married with 2 pre-teen children and has no
                                                                                                                                                                other significant source of income. Each is a single wage earner (spouse has no income).
                                                                                                                                                                Assume the simple average income tax deduction and/or tax relief applicable in your country for
Personal Income Tax on employee
                                                                                                                                                                computing the personal income tax withheld by the company. Include net personal income
                                                                                                                                                                taxes withheld at all levels of government (take into account offsets allowed across different
                                                                                                                                                                levels).
                                                                                                                                         -

Social Security Contributions on employee                                                                                                                       Social security contributions and payroll taxes due from employees: Please include the
                                                                                                                                         -
                                                                                                                                                                social security contributions and payroll taxes withheld by the employer for each category of
Payroll tax on employee                                                                                                                                         employee. These taxes are very similar in definition but are called differently across countries.
                                                                                                                                         -


                                                                                                                                                                Other taxes and mandatory contributions due from employees: In this category include all
                                                                                                                                                                the other taxes and mandatory contributions (apart from personal income tax and social
                                                                                                                                                                security contributions) withheld by the company from employees' pay, or paid directly by the by
Other taxes and mandatory contributions on labor on employee                                                                                                    updating the relevant cell. Please include all government-mandated contributions even if
                                                                                                                                                                paid to non-government entities, for example compulsory guarantees and insurance
                                                                                                                                                                paid to third party agencies. Include all taxes and mandatory contributions collected at
                                                                                                                                                                different levels of government.

                                                                                                                                         -
                                               Net Salaries - Managers                                                                   -
Taxes on Labor paid by employer                                                Floor        Ceiling      Tax Rate'10
                                                                           (lowest base)   (highest
                                                                                                                                                                Social security contributions and payroll taxes borne by the employer: Please include the
Social Security Contributions paid by employer                                                                                                                  social security contributions and payroll taxes paid by the employer for each category of
                                                                                                                                                                employee. These taxes are very similar in definition but are called differently across countries.
                                                                                                                                         -                      Payroll taxes are not defined as personal income tax as they are the employer's burden.
Payroll tax -if any, paid by employer                                                                                                    -



                                                                                                                                                                Other employment taxes borne by the employer: In this category include all other taxes and
                                                                                                                                                                social contributions paid by the company , withheld by the company from employees' pay or
Other taxes and mandatory contributions on labor paid                                                                                                           paid directly by the employees. Please keep in mind that these can be collected by different
                                                                                                                                                                levels of government. Please include all government mandated contributions even if paid to non
                                                                                                                                                                government entities (e.g. compulsory guarantees and insurance paid to third party agencies).


                                                                                                                                         -
                                            Employer's cost - Managers                                                                   -

Assistants                           Gross Salaries                                                                                      -
Standard deductions for Personal Income Tax purposes
   Taxable Salaries for Personal Income Tax purposes                                                                                     -
Taxes on Labor withheld by employer                                            Floor        Ceiling      Tax Rate'10
                                                                           (lowest base)   (highest

                                                                                                                                                                Personal income tax withheld: Each employee is married with 2 pre-teen children and has no
                                                                                                                                                                other significant source of income. Each is a single wage earner (spouse has no income).
                                                                                                                                                                Assume the simple average income tax deduction and/or tax relief applicable in your country for
Personal Income Tax on employee
                                                                                                                                                                computing the personal income tax withheld by the company. Include net personal income
                                                                                                                                                                taxes withheld at all levels of government (take into account offsets allowed across different
                                                                                                                                                                levels).
                                                                                                                                         -

Social Security Contributions on employee
                                                                                                                                         -                      Social security contributions and payroll taxes due from employees: Please include the
                                                                                                                                                                social security contributions and payroll taxes withheld by the employer for each category of
Payroll tax on employee                                                                                                                                         employee. These taxes are very similar in definition but are called differently across countries.
                                                                                                                                         -

                                                                                                                                                                Other taxes and mandatory contributions due from employees: In this category include all
                                                                                                                                                                the other taxes and mandatory contributions (apart from personal income tax and social
                                                                                                                                                                security contributions) withheld by the company from employees' pay, by updating the relevant
Other taxes and mandatory contributions on labor on employee                                                                                                    cell. Please include all government-mandated contributions even if paid to non-
                                                                                                                                                                government entities, for example compulsory guarantees and insurance paid to third
                                                                                                                                                                party agencies. Include all taxes and mandatory contributions collected at different levels of
                                                                                                                                                                government.
                                                                                                                                         -
                                               Net Salaries - Assistants                                                                 -
Taxes on Labor paid by employer                                                Floor        Ceiling      Tax Rate'10
                                                                           (lowest base)   (highest
Social Security Contributions by employer                                                                                                -
                                                                                                                                                                Social security contributions and payroll taxes borne by the employer: Please include the
                                                                                                                                                                social security contributions and payroll taxes paid by the employer for each category of
Payroll tax -if any, paid by employer                                                                                                                           employee. These taxes are very similar in definition but are called differently across countries.
                                                                                                                                                                Payroll taxes are not defined as personal income tax as they are the employer's burden.
                                                                                                                                         -



                                                                                                                                                                Other employment taxes borne by the employer: In this category include all other taxes and
                                                                                                                                                                social contributions paid by the company , withheld by the company from employees' pay or
Other taxes and mandatory contributions on labor paid                                                                                                           paid directly by the employees. Please keep in mind that these can be collected by different
                                                                                                                                                                levels of government. Please include all government mandated contributions even if paid to non
                                                                                                                                                                government entities (e.g. compulsory guarantees and insurance paid to third party agencies).


                                                                                                                                         -
                                            Employer's cost - Assistants                                                                 -

Workers                              Gross Salaries                                                                                      -
Standard deductions for Personal Income Tax purposes
   Taxable Salaries for Personal Income Tax purposes                                                                                     -
Taxes on Labor withheld by employer                                            Floor        Ceiling      Tax Rate'10
                                                                           (lowest base)   (highest

                                                                                                                                                                Personal income tax withheld: Each employee is married with 2 pre-teen children and has no
                                                                                                                                                                other significant source of income. Each is a single wage earner (spouse has no income).
                                                                                                                                                                Assume the simple average income tax deduction and/or tax relief applicable in your country for
Personal Income Tax on employee
                                                                                                                                                                computing the personal income tax withheld by the company. Include net personal income
                                                                                                                                                                taxes withheld at all levels of government (take into account offsets allowed across different
                                                                                                                                                                levels).
                                                                                                                                         -

Social Security Contributions on employee                                                                                                                       Social security contributions and payroll taxes due from employees: Please include the
                                                                                                                                         -                      social security contributions and payroll taxes withheld by the employer for each category of
Payroll tax on employee                                                                                                                                         employee. These taxes are very similar in definition but are called differently across countries.
                                                                                                                                         -


                                                                                                                                                                Other taxes and mandatory contributions due from employees: In this category include all
                                                                                                                                                                the other taxes and mandatory contributions (apart from personal income tax and social
                                                                                                                                                                security contributions) withheld by the company from employees' pay, by updating the relevant
Other taxes and mandatory contributions on labor on employee                                                                                                    cell. Please include all government-mandated contributions even if paid to non-
                                                                                                                                                                government entities, for example compulsory guarantees and insurance paid to third
                                                                                                                                                                party agencies. Include all taxes and mandatory contributions collected at different levels of
                                                                                                                                                                government.
                                                                                                                                         -         #DIV/0!
                                                 Net Salaries - Workers                                                                  -
Taxes on Labor paid by employer                                                Floor        Ceiling      Tax Rate'10
                                                                           (lowest base)   (highest
Social Security Contributions by employer                                                                                                -
                                                                                                                                                                Social security contributions and payroll taxes borne by the employer: Please include the
                                                                                                                                                                social security contributions and payroll taxes paid by the employer for each category of
Payroll tax -if any, paid by employer                                                                                                                           employee. These taxes are very similar in definition but are called differently across countries.
                                                                                                                                                                Payroll taxes are not defined as personal income tax as they are the employer's burden.
                                                                                                                                         -



                                                                                                                                                                Other employment taxes borne by the employer: In this category include all other taxes and
                                                                                                                                                                social contributions paid by the company , withheld by the company from employees' pay or
Other taxes and mandatory contributions on labor paid                                                                                                           paid directly by the employees. Please keep in mind that these can be collected by different
                                                                                                                                                                levels of government. Please include all government mandated contributions even if paid to non
                                                                                                                                                                government entities (e.g. compulsory guarantees and insurance paid to third party agencies).


                                                                                                                                         -
                                             Employer's cost - Workers                                                                   -

Notes or comments (if any)




Tax and mandatory contributions paid directly by the employees to the tax authorities

MANAGERS                               Gross Salaries                                                                                    -                                                                                                                            9     managers
Standard deductions for Personal Income Tax purposes                                                                                                                                                                                                                 10     assistants
Taxable Salaries for Personal Income Tax purposes                                                                                        -                                                                                                                           48     workers
                                                                               Floor        Ceiling      Tax Rate'09
                                                                           (lowest base)   (highest                                                                                                                                                                 #REF!

                                                                                                                                                                Personal income tax paid: Each employee is married with 2 pre-teen children and has no
                                                                                                                                                                other significant source of income. Each is a single wage earner (spouse has no income).
Personal Income Tax on employee                                                                                                                                 Assume the simple average income tax deduction and/or tax relief applicable in your country for
                                                                                                                                                                computing the personal income tax paid by the employee. Include net personal income taxes
                                                                                                                                                                withheld at all levels of government (take into account offsets allowed across different levels).
                                                                                                                                         -

Social Security Contributions on employee                                                                                                                       Social security contributions and payroll taxes due from employees: Please include the
                                                                                                                                         -                      social security contributions and payroll taxes paid by the employees directly to the tax
                                                                                                                                                                authorities for each category of employee. These taxes are very similar in definition but are
Payroll tax on employee                                                                                                                                         called differently across countries.
                                                                                                                                         -
                                                                                                                 3. Wages - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls




                                                                                                                                        Other taxes and mandatory contributions due from employees: In this category include all
                                                                                                                                        the other taxes and mandatory contributions (apart from personal income tax and social
                                                                                                                                        security contributions) paid directly by the employee to the tax authorities. Please include all
Other taxes and mandatory contributions on labor on employee
                                                                                                                                        government-mandated contributions even if paid to non-government entities, for
                                                                                                                                        example compulsory guarantees and insurance paid to third party agencies. Include all
                                                                                                                                        taxes and mandatory contributions collected at different levels of government.


                                                                                                                          -
                                            Net Salaries - Managers                                                       -

ASSISTANTS                               Gross Salaries                                                                   -
Standard deductions for Personal Income Tax purposes
Taxable Salaries for Personal Income Tax purposes                                                                         -
                                                                            Floor        Ceiling   Tax Rate'09
                                                                        (lowest base)   (highest

                                                                                                                                        Personal income tax paid: Each employee is married with 2 pre-teen children and has no
                                                                                                                                        other significant source of income. Each is a single wage earner (spouse has no income).
Personal Income Tax on employee                                                                                                         Assume the simple average income tax deduction and/or tax relief applicable in your country for
                                                                                                                                        computing the personal income tax paid by the employee. Include net personal income taxes
                                                                                                                                        withheld at all levels of government (take into account offsets allowed across different levels).
                                                                                                                          -

Social Security Contributions on employee                                                                                               Social security contributions and payroll taxes due from employees: Please include the
                                                                                                                          -             social security contributions and payroll taxes paid by the employees directly to the tax
                                                                                                                                        authorities for each category of employee. These taxes are very similar in definition but are
Payroll tax on employee                                                                                                                 called differently across countries.
                                                                                                                          -


                                                                                                                                        Other taxes and mandatory contributions due from employees: In this category include all
                                                                                                                                        the other taxes and mandatory contributions (apart from personal income tax and social
                                                                                                                                        security contributions) paid directly by the employee to the tax authorities. Please include all
Other taxes and mandatory contributions on labor on employee
                                                                                                                                        government-mandated contributions even if paid to non-government entities, for
                                                                                                                                        example compulsory guarantees and insurance paid to third party agencies. Include all
                                                                                                                                        taxes and mandatory contributions collected at different levels of government.
                                                                                                                          -
                                            Net Salaries - Assistants                                                     -

WORKERS                                Gross Salaries                                                                     -
Standard deductions for Personal Income Tax purposes
Taxable Salaries for Personal Income Tax purposes                                                                         -
                                                                            Floor        Ceiling   Tax Rate'09
                                                                        (lowest base)   (highest

                                                                                                                                        Personal income tax paid: Each employee is married with 2 pre-teen children and has no
                                                                                                                                        other significant source of income. Each is a single wage earner (spouse has no income).
Personal Income Tax on employee                                                                                                         Assume the simple average income tax deduction and/or tax relief applicable in your country for
                                                                                                                                        computing the personal income tax paid by the employee. Include net personal income taxes
                                                                                                                                        withheld at all levels of government (take into account offsets allowed across different levels).
                                                                                                                          -

Social Security Contributions on employee                                                                                               Social security contributions and payroll taxes due from employees: Please include the
                                                                                                                          -             social security contributions and payroll taxes paid by the employees directly to the tax
                                                                                                                                        authorities for each category of employee. These taxes are very similar in definition but are
Payroll tax on employee                                                                                                                 called differently across countries.
                                                                                                                          -


                                                                                                                                        Other taxes and mandatory contributions due from employees: In this category include all
                                                                                                                                        the other taxes and mandatory contributions (apart from personal income tax and social
                                                                                                                                        security contributions) paid directly by the employee to the tax authorities. Please include all
Other taxes and mandatory contributions on labor on employee
                                                                                                                                        government-mandated contributions even if paid to non-government entities, for
                                                                                                                                        example compulsory guarantees and insurance paid to third party agencies. Include all
                                                                                                                                        taxes and mandatory contributions collected at different levels of government.

                                                                                                                          -
                                             Net Salaries - Workers                                                       -
3. Wages - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls
                                                                                                                      4. Statements - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls




Corporate income tax computation, capital gains workings and tax depreciation workings.

This worksheet provides the income statement and balance sheet of the company as prepared from a tax perspective. The assets are therefore displayed at the tax written-down balances. Please proceed as follows: Review the tax depreciation for year 2010
within the fixed assets in the balance sheet below. Carefully read the assumptions for each asset to ensure that the correct rate, method and amount of tax depreciation is provided. Pay particular attention to the building and the intangible asset - Business
Development Expenses. Please update the grey cells, considering the assumptions outlined below and using the detailed information in worksheets 2 and 3 where necessary. Please always use the most favorable depreciation method allowed. Also, please
compute the capital gains tax (if separate from income tax) and dividend tax if borne by the company (NOT WITHHELD) in this worksheet as well.




Please indicate in the column "Notes" whenever you make a change and indicate whether this change is a correction or a reform

Survey is completed in your local currency. Insert local                                                       Official currency                                            Corporate income rate in fiscal 2010:
currency name here:                                                                                            symbol:



                             Year End                                                              Dec-10       Notes (if any)                                                            Assumptions
             Gross National Income per capita
                    BALANCE SHEET                                                 Times GNI        Dec-10
Current Assets                                                                                     #DIV/0!
                                                                                      #DIV/0!            -
Net Cash                                                                              #DIV/0!      #DIV/0!
Inventory                                                                                 35             -
Accounts Receivables                                                                      50             -
Fixed Assets                                                                                       #DIV/0!                             DEPRECIATION RATES
                                                                                                                                     PLEASE CHECK IF THESE
                                                                                                                                                                    Land: On 1 January 2009, the company began
Land -Plot 1                                                                                  30                                     RATES ARE STILL
                                                                                                                                                                    operations owning 2 plots of Land. The area of plot
                                                                                                          -                          APPLICABLE IN 2010
                                                                                                                                                                    number 1 was 6,000 square feet (557.4 square meters)
                                                                                                                                                                    and the area of plot number 2 was also 6,000 square
                                        Annual Depreciation -for 2010
                                                                                                                                                                    feet (557.4 square meters). At the beginning of 2010,
                                                                                                          -
                                                                                                                                                                    plot number 2 is sold. Assume that the value of the land
                                                                                                                                                                    provided is net of any tax depreciation in 2009. Please
                           Net Property                                                       30
                                                                                                                                                                    compute the tax depreciation for 2010 only.
                                                                                                          -
                                                                                                                                                                    Building: The Building, where production and storage
                                                                                                                                                                    takes place was originally 10,000 square feet (929
Building                                                                              #DIV/0!                                                                       square meters) located in plot 1. It was expanded in
                                                                                                                                                                    2009 with half of the proceeds from the sale of land plot
                                                                                                   #DIV/0!
                                                                                                                                                                    1. Bear in mind therefore that there are two elements to
                                        Annual Depreciation -for 2010
                                                                                                                                                                    the building: original structure (40*GNI per capita)
                                                                                                                                                                    which may need grossing up if straight line
                                                                                                                                                                    depreciation is applicable and the expansion (18*GNI
                           Net Property                                               #DIV/0!
                                                                                                                                                                    per capita) which is gross. Please compute the tax
                                                                                                   #DIV/0!                                                          depreciation for 2010 only.

Machinery                                                                                     60                                                                    Machinery: The Machinery is classified as light
                                                                                                          -                                                         machinery for tax purposes. Assume that the value of
                                        Annual Depreciation -for 2010                                                                                               the machinery provided is net of any tax depreciation in
                                                                                                                                                                    2009. Please compute the tax depreciation for 2010
                          Net Machinery                                               #DIV/0!                                                                       only.
                                                                                                          -
                                                                                                                                                                    Truck: Truck is used to ship products to clients, and is
Truck                                                                                          5                                                                    classified as a non-luxury and medium size unit. This
                                                                                                          -                                                         truck does on average 80,000 km per year (50,000
                                                                                                                                                                    miles per year) and weighs 15,300 kilos (34,000
                                        Annual Depreciation -for 2010
                                                                                                                                                                    pounds) when loaded. Assume that the value of the
                                                                                                                                                                    truck provided is net of any tax depreciation in 2009.
                                                                                                                                                                    Please compute the tax depreciation for 2010 only.
                                                                                                                                                                    Please do not use this mileage for computing the fuel
                          Net Equipment                                               #DIV/0!                                                                       tax. The fuel consumption is provided in "Tax-
                                                                                                                                                                    deductible expenses" and does not necessarily match
                                                                                                                                                                    the assumptions on mileage.
                                                                                                          -

Computers                                                                                      5
                                                                                                          -
                                                                                                                                                                    Computers: The company has 10 computers.
                                                                                                                                                                    Assume that the value of the computers provided is net
                                        Annual Depreciation -for 2010
                                                                                                                                                                    of any tax depreciation in 2009. Please compute the tax
                                                                                                          -
                                                                                                                                                                    depreciation for 2010 only.
                          Net Equipment                                               #DIV/0!
                                                                                                          -

Office Equipment                                                                               5
                                                                                                                                                                    Office Equipment: The Office Equipment is composed
                                                                                                          -
                                                                                                                                                                    of standard office tables, chairs, one copier, one fax
                                                                                                                                                                    machine, one scanner, and 10 phones. Assume that
                                        Annual Depreciation -for 2010
                                                                                                                                                                    the value of the office equipment provided is net of any
                                                                                                                                                                    tax depreciation in 2009. Please compute the tax
                                                                                                                                                                    depreciation for 2010 only.
                          Net Equipment                                               #DIV/0!
                                                                                                          -
Deferred Assets                                                                                           -

Business and Development expenses                                                             12                                                                    Business development expenses: These are
                                                                                                          -                                                         expenses that the company incurred when starting
                                                                                                                                                                    operations and were capitalized. The value of business
                                        Annual Amortization -for 2010                                                                                               development expenses provided is net of any
                                                                                      #DIV/0!                                                                       amortization in 2009. These expenses are valued at 12
                                                                                                                                                                    times GNI per capita. Please compute the tax
            Net business and development expenses                                     #DIV/0!                                                                       depreciation for 2010 only.
                                                                                                         -
Total Assets                                                                          #DIV/0!      #DIV/0!
Current Liabilities                                                                                #DIV/0!
Short Term Debt                                                                       #DIV/0!      #DIV/0!
Accounts Payable -Trade                                                                   50             -
Long Term Liabilities                                                                              #DIV/0!
                      Long Term Debt                                                  #DIV/0!      #DIV/0!
Total Liabilities                                                                                  #DIV/0!
Equity                                                                                             #DIV/0!
Paid-in Capital                                                                         102              -
Accumulated Earnings & Profits (prior year)                                           #DIV/0!            -
Retained Earnings & Net Income (current year)                                         #DIV/0!      #DIV/0!
Total Liab. & Equity                                                                               #DIV/0!
                           Check                                                                   #DIV/0!


                     INCOME STATEMENT                                                              Dec-09
Sales                                                                                  1,050             -
Cost of Goods Sold                                                                        875            -
Administrative Expenses                                                                    10            -
Salaries and Wages (excluding employer's labor tax and contributions)                                    -
Other Possible Deductions (from sheet 2.)                                                          #DIV/0!
Deductible Taxes      -other than income tax                                                             -
Deductible Provisions         e.g. bad debt                                                              -
Gains -gain on property sale                                                                             -
EBITDA                                                                                             #DIV/0!
             Depreciation and Amortization                                                               -
Earnings (before int & taxes) "EBIT"                                                               #DIV/0!
Interest Expense (interest paid to related parties are not deductible)                        5%   #DIV/0!

(Interest Income)                                                                     #DIV/0!      #DIV/0!
Earnings after interest                                                                            #DIV/0!
                                                                                Max Loss '09
                                                                                                                                                                    The company had tax losses in the first year of
                                                                                                                                                                    operations (2% of capital). If they can be carried
Loss carryforward -if allowed, input max deductible loss in percentage                                                                                              forward, please incorporate this in the calculation.
                                                                                                                                                                    Please include the amount of loss that can be utilized
                                                                                                         -                                                          in 2010
Earnings before Taxes                                                                              #DIV/0!
Income Tax
Tax on interest if taxed under non-CIT rate                                                               -
Less: Advance tax on interest income                                                                      -
Balance of corporate income tax due                                                                       -
Compulsory profit sharing with employees
Net Income                                                                                         #DIV/0!
                                                                                                                                                                    The second year (2010) the company distributes 50%
                                                                                                                                                                    of its profits to its owners. Please compute any dividend
Dividends                                                                                                                                                           tax borne by the company in this transaction. If the
                                                                                                                                                                    company merely withholds tax on paying shareholders,
                                                                                                                                                                    EXCLUDE this withheld dividend tax from this cell. The
                                                                                                   #DIV/0!                                                          dividends are paid in cash. The other 50% of profits are
Taxes on Dividends
Net Income after Dividends                                                                         #DIV/0!




CAPITAL GAINS TAX WORKINGS -Land Plot 2*
Is Capital Gains Tax paid and filed for SEPARATELY FROM CIT? (Y/N)?
Are Capital Gains included in the CIT computation? (Y/N)?
Price of Sale                                                                                             -
Original cost of land plot                                                            #DIV/0!             -                                                         In the second year (2010) the company sells a plot of
Depreciation over 1 year since land plot was bought                                                                                                                 land that it has owned for 12 months at the value
                                   Gross Gain                                                             -                                                         indicated. Please indicate if there is a capital gains tax
                                Deductible items:                                                                                                                   separate from the company income tax by including the
                                          Realtor Fee                                     -               -                                                         tax rate in the appropriate grey cell. Please state also if
                                           Legal Fees                                     -               -                                                         realtor fees or legal fees associated with this
                                   Net Gain                                                   0%          -                                                         transaction are deductible. Please note that half of the
Capital Gains Tax Rate (if not included in the CIT computation)                           -               -                                                         proceeds from this sale are reinvested in assets (by
*assume that the land plot has been owned for 12 months                                                                                                             expanding the existing building).

Notes or comments (if any)
                                                                              5. Payments and Filing - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls




     Tax payments and filing required in fiscal/financial year 2010.


     Please describe each of the taxes the company has to withhold or pay throughout the year. If the tax is withheld please indicate so.
     Complete the list with new taxes where applicable. Please be precise on how often the taxes have to be paid or withheld. Please write
     N/A when the tax is not applicable.
     * Answer yes if both electronic filing and payment are available and there is no paper trail. That is, the company can file returns and

                                                                                                                                                  New Questions
                                                                                                                                                                                                         Does
                                                                                                                                                                                                     supporting
                                                                                                                                                                                                  documentation
                                                                                       Can this tax be                                                                                                need to be
                                                                                       filed and paid                                                                                             submitted with
                                              Is there a final                           jointly with                                                           Number of pages                   the tax return?
                            Number of           payment in                             another tax? If   Is electronic filing                     Number of tax of supporting      Number of       If yes, what is
     Description of the      payments         addition to any                            yes, please        and payment                              returns     documentation    boxes to be          the likely  If yes, what is the
     tax to be paid or    (excluding final        advance                               indicate with     done by majority      Website where     required each   for each tax  filled in the tax     number of     likely number of Notes/Commen
         withheld         payment if any)       payments?          Payment date           which tax.          of firms?         filling is done       year           return           return           pages?            pages?            ts
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     Notes or comments
     (if any)
Details on tax compliance time for corporate income tax, labor taxes (including mandatory contributions) and VAT, GST or Sales Tax. Please update for fiscal/financial year 2010.

Information on compliance time will directly impact the time indicator. We would highly appreciate your taking the time to break down the compliance time
among the various tax compliance activities per the different lines below to assist our analysis. Information will be used to analyze ways of improving these processes.
                                                                                                                                                              6. Time - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls
Finally, please answer the questions at the bottom of this sheet which will inform our understanding of the tax compliance burden and any changes that you made to the data.




Relating to year 2010, did any administrative or legal changes affect the requirements and increase or decrease the time (work hours) for preparing, filing and paying taxes for TaxpayerCo? If so please explain
and update the table below.

Please indicate in the row "Notes" whenever you make a change and indicate whether this change is a correction or a reform



TIME TO PREPARE, FILE AND PAY



Examples of the generic activities expected in each section are included below. Please allocate                                                                                                                                                                                           VAT, GST or Sales tax
hours to these activities and add further information under the category "OTHER" for additional                                          KEY STEPS AND TASKS FOR CORPORATE INCOME TAX                     Labor taxes and         KEY STEPS AND TASKS FOR LABOR TAX AND                  (should be completed in
                                                                                                                Corporate income tax
activities generally undertaken for tax compliance in your country. Please include the time related                                                       COMPLIANCE                                       contributions           MANDATORY CONTRIBUTION COMPLIANCE                     worksheet "1. VAT, GST
to tax compliance only. Do not include time related to tax audits.                                                                                                                                                                                                                           or Sales Tax")



1. Preparation
This should include all time spent calculating the tax liability for inclusion in any relevant tax return.   Hours per year            Please outline briefly the main steps and tasks for each time   Hours per year       Please outline briefly the main steps and tasks for each time Hours per year
Where accounting records are mandatory or normally maintained and are acceptable for tax                                               entry. Specify what you believe hastens the process (e.g.                            entry. Specify what you believe hastens the process (e.g.
purposes, exclude time spent in maintaining those records. Where special or additional accounting                                      electronic systems) and what slows it down (e.g. too few                             electronic systems) and what slows it down (e.g. too few
records or books are maintained for tax purposes include that time.                                                                    counters).                                                                           counters).




Data gathering from internal sources (for example accounting records) if held                                                                                                                                                                                                                        0
Additional analysis of accounting information to highlight tax sensitive items                                                                                                                                                                                                                       0
Actual calculation of tax liability including data inputting into software/spreadsheets or hard copy
records                                                                                                                                                                                                                                                                                              0
Time spent maintaining/updating accounting systems for changes in tax rates and rules                                                                                                                                                                                                                0
Preparation and maintenance of mandatory tax records if required (see "Instructions" for
definition of mandatory tax records).                                                                                                                                                                                                                                                                0
Other activities undertaken to comply with tax regulations in your economy (specify below:)
                                                                                                                                                                                                                                                                                                     0
                                                                                                                                                                                                                                                                                                     0
                                                                                                                                                                                                                                                                                                     0
                                                                                                                                                                                                                                                                                                     0
Total                                                                                                                    0                                                                                       0                                                                                   0

2. Filing
This should include all time spent completing and filing the tax return.
Completion of tax return forms                                                                                                                                                                                                                                                                       0
Time spent submitting forms to tax authority, which may include time for electronic filing, waiting
time at tax authority office etc                                                                                                                                                                                                                                                                     0
Other (specify below):
                                                                                                                                                                                                                                                                                                     0

                                                                                                                                                                                                                                                                                                     0
Total                                                                                                                    0                                                                                       0                                                                                   0

3. Paying Taxes
This should include all time spent calculating any tax payments required and actually making the
payments.
Calculations of tax payments required including if necessary extraction of data from accounting
records                                                                                                                                                                                                                                                                                              0
Analysis of forecast data and associated calculations if advance payments are required (for example
quarterly installment payments based on estimates of expected tax liability)
                                                                                                                                                                                                                                                                                                     0
Time to make the necessary tax payments, either online or at the tax authority office (include time for
waiting in line and travel if necessary)                                                                                                                                                                                                                                                             0
Others (specify below:)                                                                                                                                                                                                                                                                              0
                                                                                                                                                                                                                                                                                                     0
                                                                                                                                                                                                                                                                                                     0
                                                                                                                                                                                                                                                                                                     0
Total                                                                                                                    0                                                                                       0                                                                                   0

Grand Total                                                                                                              0                                                                                       0                                                                                   0
Previous Answer Fiscal/Financial Year 2009
Notes (if any), please indicate the reason for any change in hours




ADDITIONAL QUESTIONS ON TIME

Where there has been a change in the time required, please exlplain the reasons (e.g. regulation,
legislation, methods such as electronic software, etc)
Please indicate how common it is for tax returns submitted to the tax authority to be rejected and to
require follow up actions using the following scale:
1 = not an issue, 2 = happens sometimes, 3 = regular requirement, 4 = always a requirement

Please list any other taxes that involve compliance activities which are time consuming for the
company.
                                      7. Additional tax questions - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls


     Additional questions on taxes applicable in fiscal/financial year 2010.
     Please describe each of the taxes the company has to withhold or pay throughout the year.Please let us know the level of government
     levying the tax and the Instution or Agency that collects the tax. Complete the list with new taxes where applicable. Please write N/A
     when the tax is not applicable. Also, please confirm the applicable tax rate and taxbase, as well as whether the tax is deductible from
     profit when calculating Corporate income tax.



                                                                                                                                               New question

                              Level of
                            government
     Description of the   levying the tax
      tax to be paid or (national, state or Institution/Agency                                                           Deductible in CIT? Is the tax withheld
          withheld           municipal)      collecting the tax      Tax rate                    Tax base                    Yes/No          by the company?
1
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     Notes or comments
     (if any)
                                               8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls


                                            Additional questions on tax reforms, tax administration and tax laws.

While this information will not be impact the output indicators directly, it is important that these questions are completed as the answers will be used for
analysis and detailed commentary in the upcoming publications. We highly appreciate the completion of all questions below.


Please, answer to the following questions by filling in the grey cells only with the following characters:
Yes, No, X, 1, 2, 3, 4, 5, according to what is specified in any question.

Orange cells are provided to be filled in with descriptions and further comments.



                                                                         1. The Tax System

                                                                                                              Yes/No                   Comments

        Is there a special tax regime for small and medium size enterprises? If yes, please
        explain and list what is considered a small and/or medium sized enterprise in your
    1.1 country (turnover, firm size, etc) below.

    1.2 Does a company have to:

       a)         Calculate its own tax bill and file returns appropriately (self-assessment)?
                  Supply information to the tax authority for the authority to calculate the tax
       b)         payment

       c)         Other. Please comment
        Please rank, from 1 to 4, the most common process of filing tax returns in your country for a company such as TaxPayerCo, where 1
    1.3 is the most common method.

                                                                                                             From 1 to 4               Comments



                                                                                       Electronic filing

                                                                                               By post

                                                                            In person at the tax office

                                                                         Other, please specify below.

        Please rank, from 1 to 5, the most common process of tax payment in your country for a company such as TaxPayerCo, where 1 is
    1.4 the most common method.
                                                                                           From 1 to 5             Comments

                  Check/Cheque

                  Bank transfer

                  Cash

                  Internet

                  Other, please specify below.
                                                                                                              Yes/No                   Comments

            Are financial statements in your country prepared in accordance with International
 1.5        Financial Reporting Standards (IFRS)? (Please select one of the following option)
          Yes and compliance with IFRS is mandated by domestic law. Please specify the
       a) relevant article(s)

          If mandated by law, does it include compliance with IAS 24 on related-party
       b) transactions?


          Yes, but it is not mandatory: accountants may choose to comply with IFRS or
       c) domestic accounting standards

       d) No, they are prepared in accordance with domestic accounting standards only
                                           8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls


         For questions 1.6 to 1.13, please answer the following questions for each type of tax
                                                                                                                                       Labour taxes
                                                                                                      Corporate Income   Consumption    and social
                                                                                                            Tax             taxes        security
                                                                                                                                       contributions

                                                                                                          Yes/No           Yes/No          Yes/No
   1.6 Do the majority of firms use software for:

 1.6.1        Preparation

 1.6.2        Filing

 1.6.3        Payment


   1.7 Is computer software used to generate accounting and financial data?



   1.8 Is computer software used to calculate tax liability?


       If both types of software are used (for accounting and to calculate tax liability), are they
       linked so that there is an ability to transfer/input data to the tax software automatically?
   1.9 Please comment on your answer.


      Is there tax software provided by the government free of charge? If not but is available
 1.10 from private providers, how much does it cost on average?


      Is the use of computer software helpful in reducing the amount of time spent on tax
 1.11 compliance? Rate on a scale of 1 to 4 (1 is very helpful, and 4 is not at all helpful)
      Is there any part of the tax preparation, filing and payment process for which
      technology and software solutions are not currently available, and where it would be
 1.12 useful for them to be available? If so please explain.


      Is it common for a company such as TaxPayerCo (60 employees and turnover of 1050
      times average income per capita) to hire an accountant or accounting firm to do its
 1.13 taxes?



 1.14 Do taxpayers have a Tax ID for the following taxes?
       Is the Tax ID the same for all taxes or each type of tax has a different registration
1.14.1 process?


1.14.2 Is the Tax ID the same as the Company ID (if it exists)?


 1.15 Please add any additional comments on 1.1 to 1.14 above.

                                                       2. Transparency of the tax administration



                                                                                                          Answer                Comments
                                           8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls


                                                                                                       Please choose an
                                                                                                      answer from the list
      Does your government publish tax revenues on a website, or in some other medium                       below
  2.1 (such as an official publication, bulletin, newsletter, etc)?

      If yes, please provide the source of such statement, including the website link if the statement is available on
2.1.1 the internet or if in print the name of the publication and where it can be obtained
                                                                                                        Yes/No               Comments
      If the information is published, is it broken down by major type of tax, such as income
2.1.2 tax, social security contributions, consumption taxes, etc.?


      If the information is published, is it up to date with forecast figures for the current year,
2.1.3 plus the actual updated figures for previous years?
                                                                                                       Please choose an
      Does your government provide information on government expenditures? Please                     answer from the list
2.1.4 describe.                                                                                             below
                                                                                                       Please choose an
      Are taxpayers informed by the tax authorities about their tax liability (i.e., which taxes      answer from the list
  2.2 they need to pay) on a website, or in some other medium?                                              below

      If yes, please provide the source of such statement, including the website link if the statement is available on
2.2.1 the internet or if in print the name of the publication and where it can be obtained

2.2.2 If not, can they consult an NGO to find out what taxes they are liable for (such as a business association)?

                                                                                                            Yes/No           Comments



  2.3 Are taxpayers informed about complaint procedures and redress mechanisms?

      If yes, please provide the source of such statement, including the website link if the statement is available on
2.3.1 the internet or if in print the name of the publication and where it can be obtained

2.3.2 If not, can they consult an NGO to find out what taxes they are liable for (such as a business association)?



      Is there a national statistical body outside of the Ministry of Finance/Treasury that can
  2.4 verify the quality of fiscal data?
                                                                                                          From 1 to 4        Comments
      In your opinion, how prevalent is corruption within the tax authority in your country?
  2.5 Scale of 1 to 4 (1 is "non-existent", 4 is "very widespread")

        How would you rate your government’s initiatives to deal with corruption?
        Scale of 1 to 4 (1 is "very effective", 4 is "not effective at all")
  2.6

                                                        3. Clarity and accessibility of the tax rules

      Where can you find the tax rules and guidance for the tax system in your country?                     Yes/No           Comments
  3.1 Please, check all that apply.

              In print from the tax administration

              In print from another official source

              On the internet

              From an official publication of the law

              Not accessible

              Other, please specify:
                                                                                                          From 1 to 4        Comments
      In your opinion, how simple or complicated are the tax rules in your country? Scale of
      1 to 4 (1 is simple and easy to understand, and 4 is very complicated even for a tax
  3.2 expert to understand!)

      In your opinion, how clear or ambiguous are the tax rules in your country? Scale of 1 to
  3.3 4 (1 is very clear, 4 is very ambiguous and subject to different interpretations).
      Do you consider that the tax rules in your economy are stable, that the frequency of
      change is reasonable or that there are many changes which lead to significant effort to
      update and which can lead to uncertainty in the system? Scale of 1 to 4 (1 is very
  3.4 stable, 4 is very unstable).

      In your opinion how helpful are any guidance notes which the tax authority publishes to
      assist taxpayers in your country? Scale of 1 to 4 (1 is very helpful, 4 is not at all
  3.5 helpful/none are published).


  3.6 Please add any additional comments on 3.1 to 3.6 above.
                                        8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls



                                                    4. Levels of government and tax authority


                                                                                                  Federal / National     State / Provincial     Local /
      Please indicate the levels of government and tax authority in your country that can              Level             / Territorial Level Municipal Level
4.1
      levy taxes (check all that apply):


      If yes, please indicate how many levels per category can do so

                                           Comments



    Please indicate where the following specific taxes are administered by a separate tax
    authority than Corporate income tax. If yes, please indicate at what level of                 Federal / National     State / Provincial     Local /
4.2 government (check all that apply):                                                                 Level             / Territorial Level Municipal Level
          Indirect taxes (VAT, GST or Sales Tax)?
          Social security contributions?
          Payroll and wage taxes?
          Property taxes?
          Vehicle taxes and registration fees?
          Any other taxes?
                                                                                                        Yes/No                      Comments
    Are social contributions (pension, health insurance, etc) totally or partially kept in
    separate individual accounts for each beneficiary (as opposed to being pooled in one
4.3 common account)? If yes, please explain


4.4 Please add any additional comments on 4.1 to 4.3 above.

                                                         5. Approach of the tax authorities



                                                                                                        Answer                      Comments



                                                                                                   Please choose an
    In a typical situation how long is it likely to take in practice for a company to receive a   answer from the list
    VAT/GST or withholding tax refund in your country (time from lodging the refund claim               below
5.1 to actually receiving the cash)?
                                                                                                   Please choose an
    Do your tax authorities require invoices to be submitted to support the figures reported      answer from the list
5.2 in the VAT/GST/sales tax returns (check all that apply):                                            below
                                                                                                        Yes/No                      Comments

    Are companies required to keep mandatory tax books and records? If yes, please let
5.3 us know for which taxes and describe the mandatory tax books

    In your opinion, how responsive is the tax authority in your country to taxpayer
5.4 requests or queries? Scale of 1 to 4 (1 is "very responsive", 4 is "very unresponsive")

    In your opinion, does the tax authority in your country have a culture of service to tax
    payers? For example, are honest taxpayers viewed as a customer to whom there is a
5.5 willingness to offer a certain level of service and perhaps help them with their returns?
    In your opinion, how high is the level of professionalism in the tax authority in your
5.6 country? Scale of 1 to 4 (1 is "very high", 4 is "very low")


5.7 Please add any additional comments on 5.1 to 5.6 above.
                                            8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls


                                                           6. Dealing with tax audits and disputes


        Please note the list of five of the most common ways by which companies are
        selected for tax audits by tax authorities (please consider a field-based, general tax
                                                                                                         From 1 to 3                   Comments
        audit relating to domestic taxes). In your country, please select the three most widely-
        used methods. For the most common method, please indicate "1". For the second
    6.1 most common, please indicate "2" and for the third most common, please indicate "3".

              Risk assessment

              By size

              By type of business

              When a tax refund is requested

              Random basis

              Other, please specify below
                                                                                                           Answer                      Comments

                                                                                                      Please choose an
                                                                                                     answer from the list
        In a typical situation for a large company, how long is a tax audit likely to take in your         below
    6.2 country (from first information request to substantive resolution)?
                                                                                                           Yes/No                      Comments
        Do the tax authorities give advance notice of an intention to make enquiries or to start
    6.3 an audit? If yes, how much notice is given?
        Where an assessment has been issued, does the revenue authority send the
    6.4 company details of how it was calculated?
        Is there an independent body (such as a tribunal or court) to which a taxpayer can
    6.5 appeal against a decision of the tax authority?
                                                                                                         From 1 to 4                   Comments

        In your opinion how easy is it for a company to deal with a tax audit in your country?
    6.6 Scale of 1 to 4 (1 is very easy, 4 is very difficult)
        In your opinion how efficient is the independent appeal process in your country? Scale
    6.7 of 1 to 4 (1 is very efficient, 4 is very inefficient)

    6.8 Please add any additional comments on 6.1 to 6.7 above

                                                  7. Tax Laws and features of your country's tax system


        Please rate on a scale of 1 to 4 (1 for best and 4 for needing most improvement) all of
                                                                                                         From 1 to 4                   Comments
        the following aspects of the tax rules in your country. Please also comment on the
    7.1 reasons for ratings 1 and 4.

              Aspects of the tax rules (e.g. rates or incentives)

              Clarity, accessibility and stability of the tax rules

              Levels of government and tax authority

              Approach of the tax authorities

              Dealing with tax audits and disputes

              Other, please specify below:

   A     B                                                                                                                  C                D
         Please choose an answer list below
Please choose an answer from the from the list below                                                                                         answer from the list below
                                                                                                                            Please choose an Please choose an answer from the list below
Yes, online online
         Yes,                                                                                                                                Purchase invoices
                                                                                                                            Less than 3 months
Yes, in print inprint
         Yes,                                                                                                                                Sales invoices
                                                                                                                            Less than one year
No       Yes, by request                                                                                                    1 to 2 years     Both
        No
                                                                                                                            2 to 5 years
                                                                                                                            Over 5 years

                                                                                                                            Continuous audit
8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls
8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls
8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls
8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls
                            8. Tax Administration - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls




nswer from the list below
                                                                          OUTPUT - Indicators - a0ec3dcd-a8e5-45ba-8a06-e1df8eff391c.xls




FOR YOUR REVIEW AND INFORMATION ONLY.




Here, we indicate how the indicators that we publish are computed. You should not edit this page as the information is obtained from (linked to) the input sheets (numbered) that you have already updated. We encourage you to provide comments
in the 'Notes or Comments' cell, and also to review the information displayed, and to let us know if there any errors (e.g. incorrect statutory rates) so that we can correct such errors as we process the survey.

Economy name                                          Economy city
                                     Payments         Payments required by law                                                                                                                           Total tax rate (%    Commercial
              Tax                    (number)                (number)                     Notes            Time (hours)           Statutory tax rate                        Tax base                         profits)           profits
                                                                                                                                                                                                                                   0




Total                                     0                                                                      0                                                                                             0.0%

Notes or comments (if any)



The tax payments indicator reflects the total number of taxes paid, the method of payment, the frequency of payment and the number of agencies involved for this standardized case during the second year of operation. It includes payments made
by the company on consumption taxes, such as Sales Tax, VAT or GST which are collected from consumers on behalf of the tax authorities. The number of payments takes into account electronic filing. Where full electronic filing is used by the
majority of firms for both filing and payment of a particular tax, the tax is counted as paid once a year even if the payment is more frequent. Additionally, taxes such as fuel tax which might be embedded in payments to third parties other than
government, are counted as 1 payment even though paid more than once.


The time indicator measures the number of hours per year that it takes to prepare, file tax returns for and pay VAT, Sales Tax or GST; labor taxes and mandatory contributions (including employee withholdings), and corporate income tax.


The Total Tax Rate measures the amount of taxes borne by the business in the second year of operation, expressed as a percentage of "commercial profits" (defined below). The total amount of tax is the sum of all of the different business tax
liabilities borne by the company. The taxes collected by the company (such as Sales Tax, GST and VAT, where not irrecoverable) but not borne by the company are excluded. The taxes included can be divided into five categories: profit or
corporate income tax, social security contributions and other labor taxes paid by the employer, property taxes, turnover taxes and other "small" taxes (such as municipal fees and vehicle and fuel taxes).



Commercial profits are accounting profits before all taxes borne by the company. They are computed as sales minus cost of goods sold, minus gross salaries, minus administrative expenses, minus other expenses, minus provisions, plus capital
gains (from the property sale) minus interest expense, plus interest income and minus commercial depreciation. To compute the commercial depreciation, a straight-line depreciation method is applied with the following rates: 0% for the land, 5% for
the building, 10% for the machinery, 33% for the computers, 20% for the office equipment, 20% for the truck and 10% for business development expenses. Commercial profits are essentially profits before all business taxes borne.

The methodology for calculating the Total Tax Rate is consistent with the Total Tax Contribution framework applied by PricewaterhouseCoopers. Developed with the initial input of several multinational companies and other interested stakeholders,
the Total Tax Contribution framework provides a standardized approach to identifying a company's overall tax contribution.
You can learn more at the Total Tax Contribution website.

THANK YOU VERY MUCH FOR THE INFORMATION THAT YOU HAVE PROVIDED. YOUR CONTRIBUTION IS INVALUABLE TO OUR WORK. WE HIGHLY APPRECIATE YOUR TIME AND EXPERTISE!

				
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