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Taxes

Advance ruling

. A letter ruling is a valuable tool in understanding the complex world of taxes. It is a written statement from tax authorities to a taxpayer, providing a detailed interpretation and application of tax laws to a particular situation. This allows individuals and businesses to navigate the intricacies of tax regulations with confidence. By seeking a letter ruling, one can gain a deeper understanding of their tax obligations and make informed financial decisions. Therefore, it is crucial to be aware of this resource and utilize it when needed.

Local tax

Local taxes are imposed by lower levels of government, such as state, provincial, county or city governments, in countries with central or federal governments. These taxes ar...

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Estate duty/tax

Death duties, also known as inheritance tax or estate tax, are taxes that are imposed on the transfer of assets after a person's death. This tax is calculated based on the ...

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Source of income

In the world of finance, the term "source" refers to the origin or generation of income in a specific place or country. This concept can vary depending on the national rules...

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International taxation

International taxation has long been understood as the application of treaty provisions aimed at alleviating double taxation on an international scale. However, its scope ex...

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