System of fish culture in tanks on land.
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.
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.
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.
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.