T

tangible fixed assets

Tangible fixed assets are non-financial produced assets that consist of dwellings; other buildings and structures; machinery and equipment and cultivated assets.

tangible non-produced assets

Tangible non-produced assets are natural assets - land, subsoil assets, non-cultivated biological resources and water resources - over which ownership may be established and transferred.

tank culture system

System of fish culture in tanks on land.

Tax On a Product

1. A tax on a product is a tax that is payable per unit of some good or service, either as a specified amount of money per unit of quantity or as a specified percentage of the price per unit or value of the good or service transacted.
2. Taxes on products ate taxes taht are payable per unit of some goods or services and usually become payable when they are produced, delivered, sold transferred or otherwise disposed of by their producer. The tax may be a specific amount of money per unit of quantity of a good or service, or it may be calculated ad valorem as a specified percentage of the price per unit or value of the goods or services transacted. they include sale taxes, excise taxes, import and export taxes etc.

taxes

In national accounts, taxes are expressed in two forms:
a) INDIRECT TAXES
Indirect taxes are regarded as a cost of production, which are part of value added component. Hence, indirect taxes must be added to the value of goods and services.
Indirect taxes include sales tax, value added taxes, excise duties, quit rent and etc.
b) DIRECT TAXES
Direct taxes are taxes on profits or incomes, which constitute of a redistribution of income from the private sector to the government and it is not in the form of production cost. In Malaysia’s context, income tax is the most significant direct tax.