Non oil tax revenue
enue+ The majority of government revenue generated from oil comes not through taxes (such as on foreign companies) but rather through state-owned 16 Aug 2015 This research seeks to comparatively identify the revenue performances of the oil and non-oil tax revenue with regards to Nigeria's GDP. 20 May 2019 He gave an example that income tax (PPh) from non-oil and gas, the main contributor to the state revenue, only grew 4.04 percent, compared to The government has additional income from fees and Equinor (formerly Statoil) dividend. Estimated total net cash flow from the petroleum industry in 2020 is NOK 18 Sep 2019 "The target of tax revenue realization for 2019 is quite tough, but it the non-oil and gas sector, with Rp 346.16 trillion of revenue 24 billion US Meanwhile, the government reports also proof that decline in oil export continue in by means of additional tax revenues on oil and non-oil sector of economy. 5 days ago Non-oil revenue amounted to about N838.58 billion, while receipts from oil taxes accounted for N1.60 trillion,. In 2011, the FIRS recorded
18 Oct 2017 The government of Timor-Leste (East Timor) intends to double non-oil tax revenues to US$400 million a year with the introduction of Value
Nevertheless, it will focus on agriculture as a priority area, which it plans to grow by 6.9 per cent per year, and the non-oil sector. The government plans for Nigeria to become a net exporter of rice, tomatoes, vegetable oil, cashew nuts, groundnuts, cassava, poultry, fish and livestock. The study examined the impact of tax revenue on the Nigerian economy. The objectives of the study were; to examine the relationship between petroleum profit tax and the Nigeria economy, the impact Government Revenues in Nigeria decreased to 798.82 NGN Billion in the first quarter of 2019 from 1121.55 NGN Billion in the fourth quarter of 2018. Government Revenues in Nigeria averaged 836.12 NGN Billion from 2010 until 2019, reaching an all time high of 1121.55 NGN Billion in the fourth quarter A growing body of evidence now suggests that the source of non-tax revenue matters a lot. Aid from democratic donors is different from both oil income and aid from authoritarian donors. The General Tax Administration (AGT) yielded 1.8 billion kwanzas during the first trimester this year, recording a 34 percent increase in relation to the same period in 2018. The non-oil revenue in the first trimester of this year was yielded through the collection of several taxes.
The Non-Oil Revenue (NONR) is all revenue types not covered by oil resources are grouped as non-oil revenue. Basically, it includes company income tax,
1 Sep 2018 Therefore, government should make efforts in diversifying the economy away from oil in order to encourage the generation of revenue by the non- 12 Sep 2017 As a result, there is a new drive to address low levels of non-oil revenue, mostly due to failures in tax collection. A new tax research network 30 Jun 2018 Petroleum income tax (PIT). • Additional profits tax (APT). • Surface tax. Legal regime. • Law No. 86-14 governs the appraisal, exploration,
Definition of 'Non-tax Revenue' Definition: Non-Tax Revenue is the recurring income earned by the government from sources other than taxes. Description: The most important receipts under this head are interest receipts (received on loans given by the government to states, railways and others) and dividends and profits received from public sector companies.
The study examined the impact of tax revenue on the Nigerian economy. The objectives of the study were; to examine the relationship between petroleum profit tax and the Nigeria economy, the impact Government Revenues in Nigeria decreased to 798.82 NGN Billion in the first quarter of 2019 from 1121.55 NGN Billion in the fourth quarter of 2018. Government Revenues in Nigeria averaged 836.12 NGN Billion from 2010 until 2019, reaching an all time high of 1121.55 NGN Billion in the fourth quarter A growing body of evidence now suggests that the source of non-tax revenue matters a lot. Aid from democratic donors is different from both oil income and aid from authoritarian donors.
2 May 2018 851px version of Oil-CCPA.jpg Alberta government non-renewable resource revenue as a percentage of total government revenue from 1970
The Government introduced new tax rates for simplified and income taxes as concessions to local entrepreneurs, without any serious changes in the rates of 1 Sep 2018 Therefore, government should make efforts in diversifying the economy away from oil in order to encourage the generation of revenue by the non- 12 Sep 2017 As a result, there is a new drive to address low levels of non-oil revenue, mostly due to failures in tax collection. A new tax research network 30 Jun 2018 Petroleum income tax (PIT). • Additional profits tax (APT). • Surface tax. Legal regime. • Law No. 86-14 governs the appraisal, exploration, 2 May 2018 851px version of Oil-CCPA.jpg Alberta government non-renewable resource revenue as a percentage of total government revenue from 1970 Based on his assessments, the author shows that steady growth of the non-oil sector by 7%-9% per year is a major condition for maintaining the stability of 5 Jul 2018 The private sector's commitment, transparency, and cooperation in providing the government with its tax and Zakat data, played a major role in
Based on his assessments, the author shows that steady growth of the non-oil sector by 7%-9% per year is a major condition for maintaining the stability of 5 Jul 2018 The private sector's commitment, transparency, and cooperation in providing the government with its tax and Zakat data, played a major role in 23 Oct 2015 Non-tax revenue is seen to fall by 7.1% to RM52.4bil due to lower receipts from petroleum royalties. Investment income, contributed mainly by 27 Apr 2018 Rising revenues from value-added taxes provided an increase in non-oil revenues. "Additional" budget revenues from oil and gas taxes in the