Indirect Taxes and Tax Structure Quiz

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What percentage of tax revenues do consumption taxes, including VAT, account for according to the World Bank Institute study?

40% (correct)

60%

30%

50%

Which type of tax is reported to be more revenue productive than Corporate Income Tax?

Property Tax

Trade taxes

Value Added Tax (VAT)

Personal Income Tax (PIT) (correct)

What is the current corporate tax rate in Malaysia as of YA2019?

28%

26%

22%

24% (correct)

Who bears the ultimate economic burden of an indirect tax according to the definition provided?

The customer Signup and view all the answers

How are businesses affected by indirect taxes according to the text?

Compliance, pricing, cash flows, and profitability Signup and view all the answers

According to the World Bank Institute study, what percentage of tax revenues do consumption taxes, including VAT, account for?

40% Signup and view all the answers

What is the current corporate tax rate in Malaysia as of YA2019?

24% Signup and view all the answers

Which tax is reported to be more revenue productive than Corporate Income Tax?

Personal Income Tax (PIT) Signup and view all the answers

Who bears the ultimate economic burden of an indirect tax according to the definition provided?

the customer Signup and view all the answers

How are businesses affected by indirect taxes according to the text?

Indirect taxes affect businesses in many ways, such as compliance, pricing, cash flows, and profitability. Signup and view all the answers

Indirect Taxes and Tax Structure Quiz

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Questions and Answers

What percentage of tax revenues do consumption taxes, including VAT, account for according to the World Bank Institute study?

Which type of tax is reported to be more revenue productive than Corporate Income Tax?

What is the current corporate tax rate in Malaysia as of YA2019?

Who bears the ultimate economic burden of an indirect tax according to the definition provided?

How are businesses affected by indirect taxes according to the text?

According to the World Bank Institute study, what percentage of tax revenues do consumption taxes, including VAT, account for?

What is the current corporate tax rate in Malaysia as of YA2019?

Which tax is reported to be more revenue productive than Corporate Income Tax?

Who bears the ultimate economic burden of an indirect tax according to the definition provided?

How are businesses affected by indirect taxes according to the text?

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