| EARNINGS
AND PROFITS TAX - TAX ASSESSED AND COLLECTIONS FOR THE YEAR ENDED 31 MARCH 2003 |
|
| Tax assessed and collections | Property
Tax (Dollars) |
Salaries
Tax (Dollars) |
Profits
Tax - (Corporations) (Dollars) |
Profits
Tax - (Unincorporated Businesses) (Dollars) |
Personal
Assessment (Dollars) |
Total
(Dollars) |
| Tax assessed during the year - 2000-01 and earlier years | 28,603,766 |
507,607,716 |
3,502,881,820 |
415,381,333 |
587,724,381 |
5,042,199,016 |
| Tax assessed during the year - 2001-02 Final Tax only | 71,545,429 |
176,786,306 |
-1,765,073,434 |
-106,329,252 |
2,785,554,943 |
1,162,483,992 |
| Tax assessed during the year - 2002-03 Provisional Payments and Final Tax | 1,138,391,731 |
30,280,917,509 |
34,695,165,277 |
4,555,779,032 |
1,466,945 |
70,671,720,494 |
| Total
Tax Assessed |
1,238,540,926 |
30,965,311,531 |
36,432,973,663 |
4,864,831,113 |
3,374,746,269 |
76,876,403,502 |
| Add: Collectables - Tax outstanding as at 31 March 2002 b/f | 318,783,773 |
7,022,198,283 |
21,832,295,360 |
2,663,434,575 |
592,437,212 |
32,429,149,203 |
| Add: Collectables - Surcharge, Compound Penalty and Additional Tax imposed and Costs awarded by the Board of Review | 11,657,960 |
250,673,225 |
510,572,180 |
256,774,537 |
12,561,841 |
1,042,239,743 |
| Add: Collectables - Interest on Tax Heldover | 90,645 |
1,521,488 |
32,538,329 |
2,659,747 |
567,811 |
37,378,020 |
| Add: Collectables - Write-off re-opened | 1,814,365 |
35,748,840 |
28,686,370 |
11,203,029 |
2,410,425 |
79,863,029 |
| Total
of Tax Assessed and Collectables (a) |
1,570,887,669 |
38,275,453,367 |
58,837,065,902 |
7,798,903,001 |
3,982,723,558 |
110,465,033,497 |
| Collections during the year - Net Tax collected | 1,169,533,411 |
29,518,122,644 |
33,188,358,626 |
4,861,465,832 |
3,306,936,418 |
72,044,416,931 |
| Collections during the year - (After allowing for refunds of tax) | 83,306,045 |
1,250,358,101 |
3,307,012,673 |
143,296,177 |
241,285,386 |
5,025,258,382 |
| Surcharge, Compound Penalty, Additional Tax and Costs awarded by the Board of Review | 10,440,784 |
212,690,870 |
478,515,995 |
242,529,177 |
8,385,339 |
952,562,165 |
| Interest
on Tax Heldover |
80,783 |
2,291,123 |
25,967,548 |
2,627,717 |
624,203 |
31,591,374 |
| Total Net Collections (b) | 1,180,054,978 |
29,733,104,637 |
33,692,842,169 |
5,106,622,726 |
3,315,945,960 |
73,028,570,470 |
| Balance of Tax, Surcharge, etc. payable (a) - (b) | 390,832,691 |
8,542,348,730 |
25,144,223,733 |
2,692,280,275 |
666,777,598 |
37,436,463,027 |
| Less: Not collected by virtue of set-off | 123,882,094 |
1,773,227,864 |
- |
316,511,137 |
- |
2,213,621,095 |
| Less: Written-off as irrecoverable | 12,076,719 |
164,541,302 |
462,058,560 |
106,347,471 |
17,642,499 |
762,666,551 |
| Tax, Surcharge, etc. outstanding as at 31 March 2003 carried forward | 254,873,878 |
6,604,579,564 |
24,682,165,173 |
2,269,421,667 |
649,135,099 |
34,460,175,381 |
| Less: Under objection or appeal | 16,332,510 |
787,488,705 |
17,037,057,935 |
878,309,537 |
222,908,511 |
18,942,097,198 |
| Less: Listed for write-off but awaiting approval | 524,443 |
1,636,984 |
266,392,022 |
9,203,516 |
399,004 |
278,155,969 |
| Less: Assessed but not yet due | 47,650,722 |
3,806,073,122 |
5,162,309,600 |
469,791,145 |
150,640,597 |
9,636,465,186 |
Net Tax, Surcharge, etc. in arrears as at 31 March 2003 |
190,366,203 |
2,009,380,753 |
2,216,405,616 |
912,117,469 |
275,186,987 |
5,603,457,028 |
Contents | Schedules | Schedule 1 | Schedule 2 | Schedule 3 | Schedule 4 | Schedule 5 | Schedule 6 | Schedule 7 | Schedule 8 | Schedule 9 | Schedule 10 | Schedule 11 | Schedule 12 | Schedule 13 | Schedule 14 | Schedule 15 | Schedule 16 | Schedule 17|
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(Last
updated/reviewed : February 5, 2004)