Types of Tax Systems Prevailing in The KSA Discussion
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Types of Tax Systems Prevailing in The KSA Discussion
Question: 1
Explain the followings in your own words: (2 marks)
What do you mean by tax system in KSA? Is tax system is good or bad? Support your answer
Under the Tax Law, who are the person or artificial person subject to the tax in Saudi Arabia?
How many types of tax systems are prevailing in the KSA?
The Tax Law provides that income from the following specific types of activities/sources is considered taxable in KSA:
Q-2-What do you mean by Zakat, in your opinion what are the certain updates on the Tax and Zakat regulations in kingdom of Saudi Arabia?(2 marks)
Question 3
A resident capital company has both Saudi and non-Saudi shareholders and its capital is divided between them equally. Net income for 2020 was 6,000,000 SR and was adjusted according to the tax rules applicable in the kingdom is 6,400,000 SR. (2 Marks)
Required:
Compute the tax amount to be paid by the company.
Compute the tax amount to be paid by non-Saudi shareholders assuming that dividends paid in cash of 2,000,000 SR andgive explanation about dividends
Question 4
Now a days Saudi Government is focusing the taxation revenue. “Saudi Arabian government imposing different types of taxes on commodities, services as well as residency” (2 marks)
Support your answer to the above case study and differentiate between selective commodities tax and value added taxin your own words. Compare the VAT with past and present
Question 5
A taxpayer incurred expenses of 150,000 SR to improve a depreciable asset at a book value of 950,000 SR. What is the amount of expenses deductible by the tax law? (2 mark)
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow Types of Tax Systems Prevailing in The KSA Discussion
Types of Tax Systems Prevailing in The KSA Discussion