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GROUP 6, SOURCES OF REVENUE, CHAPTER 4: INTER-GOVERNMENTAL FISCAL…

- - - - Tax that cannot be transfer to other people
      - Example: Income tax, Petroleum tax
    - - Tax that can be shift to the third party
      - Example: GST and SST
  - - - Putrajaya
      - Labuan
      - Kuala Lumpur
  - - - Grants that received from consultation with Non-Financial Counterparty (NFC)
    - - State Government are allowed to borrow from Federal Government or any bank from the federation that is not exceeding of 5 year which subject to Federal Government approval
      - Federal Government can only borrow as authorised by Federal law
      - Federal Government & State Government are allowed to borrow (Art 111)
- - - - 1) Payable under Article 109 of the Federal Constitution
        
        Example: Capitation Grant
        
        Example: State Road Grant
        
        Example: State Reserve Fund
      - 2) Approved by National Finance Council
        
        Example: Grant for infrastructure
      - 3) Payable under various act of the Parliament
        :
        
        Example: Revenue Growth Grant