6. Reiterates its request to those Member States which do not grant tax exemptions to make all possible efforts to do so as soon as possible.

4. Reiterates its request to those member States which do not grant tax exemptions to make all possible efforts to do so as soon as possible.

7. Reiterates its request to those Member States that do not grant tax exemptions to make all possible efforts to do so as soon as possible.

(c) Licensing of operators, establishment of tariffs

In the comparator's case, different tax brackets applied based upon the marital status and the taxpayer was allowed a personal exemption for each member of his her family.

The United Nations Development Corporation had planned to issue tax free bonds to finance the construction, but such a tax free scheme is not allowed under the United States tax code.

The persistence of many high duties and the below average reduction of many such rates is also a consequence of the fact that the Uruguay Round tariff negotiations did not establish specific targets for tariff harmonization, contrary to what had happened during the previous Rounds.

Many sub Saharan countries have also reduced their tariff rates.

According to the headquarters of the Office des Douanes et Accises in Kinshasa, the excise taxes for the smuggled cigarettes amount to approximately 230,000.

Another way of attracting foreign investment may consist in providing special tax regimes for private investors, such as exemption from corporate tax or other taxes, exemption from income tax for foreign personnel required to staff the project, exemption from real estate tax, tax concession on royalties, import duties.

In Indonesia, a service visa was introduced to permit volunteers from outside the country to receive tax and customs benefits.

In addition to other considerations, permits were denied to persons who had not paid taxes.

Unfortunately, advanced countries have implemented very little fundamental tax reform so far. Many governments are giving in to higher marginal tax rates rather than overhauling and simplifying the system.

In many countries, tax reform has already significantly increased the share of direct taxes in overall revenue. Raising tax rates for the wealthiest citizens in developing a more progressive income tax framework would bolster this progress.

So here is an idea that might work politically Let taxpayers keep all of the current tax expenditures, but limit the total amount by which each taxpayer can reduce his or her tax liability in this way.

In many developing countries, total tax revenue is derived from three main sources domestic taxes on goods and services (sales and excise taxes), direct taxes (primarily on corporations), and, most important, taxes on foreign trade (import duties). But, as trade liberalization has lowered tariffs and duties, the share of trade taxes has declined, while other sources have not compensated for falling trade revenue.

Concessionaires are responsible for complying with regulations and calculating taxes due.

But the law does permit them to invest in taxfree property, and collect money, without accounting for how it is used

It was also noted that numerous tariff and non tariff barriers remained, as well as tariff peaks and escalation, which affected developing countries exports.

As a result of the Uruguay Round and national tariff reforms, average tariff levels of many countries have now been reduced to relatively low levels.

The agricultural sector is protected through high tariffs, tariff picks, tariff escalation and non tariff barriers in many developed countries, and market access is often denied to products from developing countries, including landlocked developing countries.

Moreover, the administration of tariff quotas in many cases lacks transparency.

It is reported that there is acceptance of a Swiss type formula that has the effect of compressing higher rates of duty, but there is a range of possibilities within this approach.

A large number of these tariffs have resulted from tariffication in the agricultural sector, exceeding 30 per cent or even 100 per cent in many cases and 300 per cent for certain products (notably meat, cereals, sugar, certain fruit and vegetables, dairy products, tobacco products).

Calculating formula of import duties is import duties customs value x import tariff rate

Sometimes the law authorizes the host Government either to grant an exemption from customs duty or to guarantee that their level will not be raised to the detriment of the project.

Tax. Full tax. English tax.

Instead, developing country leaders must draw on the experiences of both developed countries and their peers to design tax policies that meet the basic requirements of operability, buoyancy, and stability. This can include broadening the tax base, reducing tax avoidance and evasion, improving tax collection, and developing new, cooperative international taxation strategies.

While many of them now have a low dispersion of tariffs with maximum levels of 20 per cent or less, there remain a number of countries with high average tariff levels and important tariff dispersion.

There is no income tax, and customs duties account for about 35 per cent of government revenues other significant revenue sources are company fees, land and stamp taxes, employment tax, a hospital levy, vehicle licence fees and taxes on hotel occupancy, passenger departures and cigarette sales.

Temporary tariff rate may be applied to imported goods within a specified period of time.

However, in some markets import duties for many fruits, vegetables and fish are substantially lower.

Consequently, even many preferential ACP rates remain at peak levels.

But how should additional revenues be raised from top taxpayers to achieve these two goals? Most economists believe that increasing revenues by reforming the tax code and broadening the tax base is probably better for the economy s long term growth than raising income tax rates.

For rich countries, income redistribution is much better handled through taxes and benefits system, rather than by government edicts to strengthen unions. The rich today pay so little in taxes in many countries, that it would be a big improvement simply to move to a flat tax, with a very high exemption level so that lower income families pay nothing.

Reducing the tax rate for companies substantially, while eliminating targeted business tax preferences and broadening the corporate tax base, would increase both investment and workers wages. Allowing multinational companies to repatriate overseas profits without paying additional US tax would also bolster investment and job creation at home.

In many countries, there is considerable scope for domestic resource mobilization. Broadening the tax base, improving tax administration, and closing gaps in the value added tax could make a significant difference in lower income countries, where tax revenues account for only about 10 14 of GDP, compared to 20 30 of GDP in high income countries.

But there is a much better strategy than tradable permits. Each region of the world should introduce a tax on CO2 emissions that starts low today and increases gradually and predictably in the future.

FDA remains in place, auditing concessionaires' forestry practices and tax assessments.

Extensive negotiations are expected on the number of tariff bands, the criteria for setting such tariff bands and the modalities for reducing tariffs in each band.

Calculating formula for ad valorem is duty payable customs value x tariff rate

1. Taxation and customs

Income tax evasion.

In cases where GSP and tariff quotas apply, exports may only benefit from GSP treatment to the extent that they can be accommodated within tariff quotas.

Another problem is that high tariffs have been maintained for many products of importance to SMEs in developing countries.