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Glossary A-Z

 
tangible fixed assets
Description
Tangible fixed assets are non-financial produced assets that consist of dwellings; other buildings and structures; machinery and equipment and cultivated assets.
Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
tangible non-produced assets
Description
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.
Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
tank culture system
Description

System of fish culture in tanks on land.


Source : Environment
Source Detail : Compendium of Environment Statistics
Tax On a Product
Description
  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.

Source : National Accounts
Source Detail : Distribution And Use Of Income Accounts And Capital Account
taxes
Description

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.
 


Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
taxes and duties on imports
Description

Taxes and duties on imports, excluding VAT, consist of taxes on goods and services that become payable at the moment when the goods cross the national or customs frontiers of the economic territory or when the services are delivered by non-resident producers to resident institutional units.


Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
taxes on entertainment
Description

Taxes on entertainment consist of any taxes which are levied specifically on the entertainment itself (such as on an entry ticket) and which are not part of some broader tax such as a VAT.


Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
taxes on imports
Description

Taxes on imports consist of taxes and duties on imports that become payable when goods enter the economic territory by crossing the frontier or when services are delivered to resident units by non-resident units.


Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
taxes on income
Description
Taxes on income consist of taxes on incomes, profits and capital gains; they are assessed on the actual or presumed incomes of individuals, households, NPls or corporations.
Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
taxes on individual or household income
Description
Taxes on individual or household income consist of personal income taxes, including those deducted by employers (pay-as-you-earn taxes), and surtaxes.
Source : National Accounts
Source Detail : Gross Domestics Product (GDP)