Data file: Organizational Module Section4_56
Q4.5: Tax exemption: Enter an appropriate code as to whether the NPI is exempted from paying any of the taxes listed in the table. Income tax consists of taxes on incomes, profits and capital gains. Value added tax is the tax levied on the rise in value of services and goods at each stage of production. Property tax is an ad valorem tax that an owner is required to pay on the value of the property being taxed (Ad Valorem is a Latin phrase meaning "According to the worth"). Property tax can be defined as "generally, tax imposed by municipalities/councils upon owners of property. Capital gains tax is the tax on profit from the sale of investments or property. Pay-roll tax is tax on employees' salaries and/or wages.
Q4.6: Total Market Value of Assets: Record the total market value of assets by types held by this organization and also financial liabilities in the financial years 2008 and 2009 respectively. Assets are entities that must be owned by some unit and from which economic benefits are derived by their owner by holding or using them over a period of time.
