Land tax PRESENTED BY: UZBEKGALIYEVA SABINA.,. Content About tax The object of taxation Taxpayer and not taxpayer The calculation of the tax. - презентация

1 Land tax PRESENTED BY: UZBEKGALIYEVA SABINA.,

2 Content About tax The object of taxation Taxpayer and not taxpayer The calculation of the tax

3 Land tax- is a tax, which is paid by organizations and individuals who have land plots on the right of ownership, the right of permanent (indefinite) use or the right of lifelong inherited possession. The economic argument is that land being in fixed supply, a tax on unimproved land does not change the allocation of resources. It will be totally capitalized negativelyin the land prices. In traditional public finance theory, a tax on unimproved land is an efficient tax. In 1978, Milton Friedman said that the least bad tax is the property tax on the unimproved value of land, the Henry George argument of many, many years ago (quoted by Fred Foldvary of San Jose State University, a proponent of the Georgist tax).Milton FriedmanFred Foldvary of San Jose State University, a proponent of the Georgist tax

4 The basis of the ethical or distributive argument for Georgist taxes is well summarized by The Economist: The most famous attempt to justify land ownership was made by John Locke in the 17th century. He argued that because people own their own labour, toiling on the land confers ownership rights over the resulting product (a farm, say). Yet even Locke said this only works as long as there was enough, and as good, left in common for others. This proviso may be met in a wilderness but not in booming cities. In any case, such a combination seems a shaky justification for acquisition. Robert Nozick, a 20th-century libertarian philosopher, doubted whether pouring his can of tomato juice into the sea, combining the two, meant that he could then claim ownership over the ocean. Without a good basis for land ownership, how can it be fair for landlords to get rich from rent ?

5 The object of taxation is the land plot (with a common share ownership of the land plot-the land share). Are not subject to taxation: land plots of common use of settlements. land plots occupied by the network of state public roads. the land plots occupied under the objects which are on preservation by the decision of the Government of the Republic of Kazakhstan; land acquired for the maintenance of rental houses; land plots occupied by buildings, structures acquired by the state Islamic special financial company under contracts concluded in accordance with the terms of the issue of state Islamic securities.

6 Legal entities: Having the object of taxation on the right of ownership, permanent land use, primary gratuitous temporary land use. A structural subdivision may be recognized as a payer of land tax for those objects that correspond to the location of the structural subdivision. Individuals : Having the object of taxation on the right of ownership, permanent land use, primary gratuitous temporary land use.

7 A number of citizens have the right to benefits in calculating the amount. These include: participants of military operations; labor veteran; persons with disabilities and their children; children deprived of their parents under 18 years of age; pensioners who have no relatives left; large family.

8 Calculation of the tax is made by applying the appropriate tax rate to the tax base separately for each land plot. Legal entities and individual entrepreneurs, except for individual entrepreneurs applying a special tax regime for small businesses, are obliged to calculate and pay during the tax period the current payments on land tax. The amounts of current payments shall be payable in equal installments no later than February 25, may 25, August 25, November 25 of the current year. The final calculation and payment of land tax is made no later than ten days after the deadline for submission of the Declaration for the tax period.