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Taxes

Double taxation, domestic and international

Let's dive into the concept of double taxation, a common term in the realm of finance. Domestic double taxation occurs when a federal state imposes comparable taxes on a taxpayer by different tax authorities of equal power. On the other hand, international double taxation occurs when a taxpayer is subject to similar taxes in two or more countries on the same income or capital. This can happen when income is taxed both in the source country and in the country where the recipient resides.

Turnover tax

Indirect taxes are a broad category encompassing various types of consumption and sales taxes. These taxes are levied on goods and services, typically at the point of sale, ...

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Substance over form doctrine

Tax authorities have the authority to disregard the legal structure of an arrangement and instead focus on its true essence. This is known as the substance over form doctrin...

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Tax on tax

Tax-inclusive prices refer to the total cost of a product or service, including any applicable taxes. When a tax is charged on top of these prices, it is known as a "tax on ...

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Safe harbour

Tax authorities often provide broad guidelines for interpreting tax laws. These guidelines may specify that transactions falling within a particular range will be deemed acc...

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