Search results
Results from the WOW.Com Content Network
In Japan, the price of cigarettes includes four types of taxes: national tobacco tax, local tobacco tax, special tobacco tax, and consumption tax. Although it varies by brand and other factors, for example, the tax burden on a typical paper cigarette can reach as high as 60%, making cigarettes one of the most heavily taxed products in Japan.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
Taxes generally fall into the following broad categories: Income tax; Payroll tax; Property tax; Consumption tax; Tariff (taxes on international trade) Capitation, a fixed tax charged per person; Fees and tolls; Effective taxes, government policies that are not explicitly taxes, but result in income to the government through losses to the public
The tax percentage for each country listed in the source has been added to the chart. According to World Bank , "GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
The government of Japan's move to inch up consumption rates to 10% from 8% brings some of the country's ETFs in spotlight.
The National Tax Agency (国税庁, Kokuzei-chō, NTA) is the official tax collecting agency of Japan. As of October 2018, the Commissioner of NTA is Takeshi Fujii. As of October 2018, the Commissioner of NTA is Takeshi Fujii.
Japan has been implementing excise taxes since the mid-19th century when it needed the money for their rapid modernizing and growth. For example, one of the earliest excise taxes on tobacco were imposed in 1898 and this helped to raise funds for the Russo-Japanese war. Today most of the excise taxes in Japan are replaced by the consumption tax.