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taxes on specific services

Taxes on specific services consist of all taxes assessed on the payment for specific services such as taxes on transportation, communications, insurance, advertising, hotels or lodging, restaurants, entertainment, gambling and lotteries, sporting events, etc.

taxes on the income of corporations

Taxes on the income of corporations consist of corporate income taxes, corporate profits taxes, corporate surtaxes, etc.

taxes on the use of fixed assets

Taxes on the use of fixed assets include taxes levied periodically on the use of vehicles, ships, aircraft or other machinery or equipment used by enterprises for purposes of production, whether such assets are owned or rented.

taxes on winnings from lotteries or gambling

Taxes on winnings from lotteries or gambling are taxes payable on the amounts received by winners.

term of trade indices

The export and import unit value indices can be used to measure the Malaysia's terms of trade. The terms of trade index is calculated based on the ratio of unit value index of exports to the unit value index of imports.

Table 5A, 5B and 5C provides a summary of changes in the terms of trade indices. The index is calculated as the ratio of the export unit value index to the import unit value index. It represents the cost of a given volume of imports in terms of exports. A rise in the terms of trade indicates a favourable movement and a fall, an adverse movement. An index value above or below 100 indicates the terms of trade are either more or less favourable than the 2010 base period