I saw that thread when I was searching the forum. I was wanting a comprehensive list. I managed to come up with the following list of taxes , the applicability will have to be confirmed by the clients auditors and type of Industry :
Summary - Different forms of Taxes in force
1 Income tax u2013 Payable by individuals, sole proprietors and partnerships
2 Corporate tax - Companies are liable to pay tax on profits earned
3 Withholding tax u2013 Taxes deducted at source such as Interest and dividends
4 Tax on Goods and Services VAT (value added tax)
5 Value Added Tax VAT replacing Turnover tax u2013 this is now replaced by VAT
6 Economic Service Charge- Based on turnover exceeding Rs. 50 million.
7 Tax on International Trade u2013 relates to imports
8 Excise tax u2013 Levied on tobacco, liquor, petroleum
9 Licence fees u2013 Motor vehicle licence etc
10 Capital Gain Tax u2013 Arising from change of ownerships
11 Double Tax Relief u2013 Avoidance of double tax where it is agreed
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