Today we want to talk about taxes and what they are:
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Well, what is tax?
Tax is a part of the income and profit of companies and individuals, which is paid to the government for the use of resources and benefits that the government provides to the people.
There are two types of taxes:
1_ Direct taxes:
There are taxes that are collected directly from the income or property of natural or legal persons
There are different types of direct taxes such as:
A- Income tax includes:
_ Property income tax:
This type of tax is collected from rental income.
Business income tax:
It is a tax that is collected from the income of a natural person.
_ Tax on the income of legal entities:
It is a tax that is collected from the total income of companies as well as income from the profit-making activities of other legal entities that are collected from various sources in Iran or outside Iran.
_ Incidental income tax:
It is a tax that is collected from the cash or non-cash income that a natural or legal person earns gratuitously or through friendly transactions or as a prize or any other such title.
B- Property tax includes:
_Inheritance tax:
It is a tax that as a result of a person’s death, whether real or hypothetical, is levied on the remaining property of the deceased according to the law.
Stamp duty tax:
It is a type of direct tax that is collected from the taxpayer through affixing and canceling stamps on documents, papers and documents in order to make them official or enforceable.
Property tax, total property tax, specific property tax, property tax, property transfer tax, inheritance tax, property increase tax, property income tax
2: Indirect taxes:
Taxes whose payer is not clear and certain, and the realization of the tax depends on a part of the economic activities and operations of individuals, and their portability is very high, and includes the following:
A- Import tax:
Customs duty tax
Business profit tax
Tax on the right to order goods
Car import tax
Registration tax
B- Consumption and sales tax:
Tax on petroleum products
Tax on medical and health alcohol production
Cigarette sales tax
Car tax
Car transfer tax
Value added tax
In this section, we want to talk about value added tax:
Value added tax is an indirect tax which is a consumption tax
Let’s solve an example:
This year’s rate, which is 1403, and the value added rate is 10%, we want to solve:
An example for purchasing added highlights:
Purchase of 5,000,000 goods in cash in 1403 added value
Periodic system:
Value Added:
500000 x 10% = 500000
Purchase of goods owed 5000000
Other receivables (taxes) debtor 500,000
Creditor’s cash 5500,000
Permanent system:
Debtor’s inventory is 5000,000
Other receivables (tax) 500,000
Creditor’s cash balance is 5500,000
Sales:
The sale of 5000,000 products in cash added in 1403
500,000 x 10% = 500,000
Debtor cash 5500,000
Other payables to creditors, 500,000
Sale of credit goods 5000,000
Part of the tax and its types
Kari from Moztaz accounting channel group
@hesabdarimomtaz
This post is written by Huryyy00