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Taxes

Lump-sum taxation

These fixed taxes are known as flat taxes.

In certain countries, tax authorities have the ability to impose a predetermined amount of taxes on income in specific scenarios, rather than following the typical method of calculating taxes based on income rates. This type of taxation is referred to as a flat tax.

In certain jurisdictions, corporations are mandated to establish a legal reserve to cover any potential business expenses. This requirement falls under civil law regulations...

Information return

A declaration is a statement made by an individual possessing economic knowledge about a potential taxpayer, regardless of their responsibility for withholding tax. This dec...

Benefits in kind

One of the fundamental concepts in finance is the notion of non-cash compensation, which encompasses earnings received from employment in forms other than cash. This can inc...

. 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 interpreta...

As we delve into the world of finance, it is important to understand the concept of export taxes. These are taxes imposed on basic commodities that are traded globally, incl...

Origin principle

Under the value-added tax (VAT) system, there exists a principle known as "origin-based taxation." This means that the country where the goods are produced is responsible fo...

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Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Currency

All terms related to the system of money in general use in a particular country, representing a medi

Financial Instruments

Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various

Fixed Income Instruments

All terms related to investments like bonds or treasury bills that provide regular, fixed payments,

Corporate Actions

Terms related to decisions and events initiated by a company that can impact its stock, such as divi

Fixed Income

Investments that provide regular, fixed payments, such as bonds and treasury bills.

Gold

All terms and concepts related to the precious metal gold, including its price, trading, investment,

Market Entities

All terms related to various types of organizations or individuals, like investors, banks, insurers,

Public Offerings

All terms related to a company selling its shares or bonds to the public for the first time (IPOs) o

Derivatives

All terms & concepts related to financial contracts whose value is based on an underlying asset,

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