Answer the following questions
(a) Define the features of the new tax system, clarifying the most important areas through which the social goals of the tax can be achieved?

(B) What are the characteristics of zakat, with an explanation of the funds subject to zakat and mention their shares with the explanation?

(c) Mention the economic effects of the tax with an explanation?

(d) Mention the general rules and principles governing the imposition of tax with an explanation?

(e) Define value-added tax with an explanation of its scope and those subject to it?

(f) The definition of income tax with an explanation of the tax base according to the nature of the company or activity (as stated by the General Authority for Zakat and Income)

(g) Mention the objectives and purposes of zakat, with mentioning the implications for paying and taking zakat?

(h) Mention the expenses that must be deducted from the income tax base with an explanation?

Answer rating: 100% (QA)

a A good tax system should meet five basic conditions fairness adequacy simplicity transparency and administrative ease Although opinions about what makes a good tax system will vary there is general ... View the full answer