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Taxes

Fiscal year

In the world of finance, a fiscal year refers to a specific 12-month time period that is designated for the purpose of financial reporting for a company or organization. This period is chosen by the enterprise and typically aligns with the natural business cycle. It is an essential concept for understanding a company's financial health and performance. Let's delve deeper into the intricacies of fiscal years and their significance in the world of finance.

Estimated assessment

When it comes to income tax, it is important to keep accurate records in order to determine the amount of tax that is due. This is especially crucial for small traders, who ...

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Alienation of income

One often hears the term "transfer of income rights" in the realm of finance. This refers to the process of transferring the right to receive income from a source without ne...

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Wage tax

One important aspect of financial management is understanding the concept of "levying at source," which refers to the practice of withholding taxes from an individual's wage...

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Bank secrecy provisions

Bank secrecy laws are regulations that mandate financial institutions to keep customer information confidential from external parties, such as tax authorities. These provisi...

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