Indirect Taxes and Tax Structure Quiz
10 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

    <p>The customer</p> Signup and view all the answers

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

    <p>Compliance, pricing, cash flows, and profitability</p> 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?

    <p>40%</p> Signup and view all the answers

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

    <p>24%</p> Signup and view all the answers

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

    <p>Personal Income Tax (PIT)</p> Signup and view all the answers

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

    <p>the customer</p> Signup and view all the answers

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

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

    More Like This

    India's Tax Structure
    20 questions
    India Tax Structure Quiz
    3 questions

    India Tax Structure Quiz

    ImmaculateAquamarine avatar
    ImmaculateAquamarine
    Egyptian Tax on Income Structure Quiz
    10 questions
    Use Quizgecko on...
    Browser
    Browser