TAXATION SYSTEM: A COMPARISON BETWEEN THAILAND AND THE PHILIPPINES
Journal: INTERNATIONAL JOURNAL OF ENGINEERING TECHNOLOGIES AND MANAGEMENT RESEARCH (Vol.6, No. 10)Publication Date: 2018-10-30
Authors : Rattana Pinthong Paiboon Pajongwong Thamrongsak Svetalekth;
Page : 154-158
Keywords : Taxation System; Tax Baskets; Tax Rate; Comparison; Advantage.;
Abstract
The purpose of this research to study of taxation system, taxpayers, taxation agencies, tax rates, penalties, term and conditions of tax privileges and comparative analysis of taxation systems between Thailand and Philippines. The findings of tax system comparison were the difference of tax collection organization between Thailand and Philippines, however, both countries have the same tax system that are tax baskets, tax regulations, tax benefits. From these findings can be concluded that taxpayers or entity in Thailand has more advantage than Philippines's in tax allowance regulations, personal tax income allowance favoured to taxpayers for lower tax rate. Moreover, the tax rate in Thailand is lower than in Philippines resulting to proprietors or investors could bring these proceeds to expand their business or investment, finally, it will generate economic growth.
Other Latest Articles
- MULTIDIMENSIONAL ANALYSIS OF ICT INTEGRATION IN SECONDARY MATHEMATICS TEACHING
- TOOLS FOR CONCEPTUAL-ALGORITHMIC PROTOTYPING OF PROJECT SOLUTIONS IN SOFTWARE INTENSIVE SYSTEMS DESIGN
- VALIDATION OF THE H. HOTTEL- R.J. TUCKER METHOD FOR THE ESTIMATION OF THE PERFORMANCE OF A FURNACE IN A THREEBED REGENERATIVE OXIDIZER THAT NEUTRALIZES GASEOUS POLLUTANTS
- SUKUH TEMPLE IN KARANG ANYAR CENTRAL JAVA
- DEFINING GREEN ROAD PROJECT MANAGEMENT SCOPE BY PDRI
Last modified: 2018-11-27 16:58:35