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Minimum tax

Corporations in some countries are subject to an annual tax, regardless of their profitability. This is known as a minimum tax or flat tax. It is a fixed amount that businesses must pay to the government every year, regardless of their financial performance. This type of tax is designed to ensure that all companies contribute to the economy, even if they are not making a profit. It is an important concept to understand in the world of finance, as it impacts the financial planning and decision-making process for corporations.

Central management and control

In the realm of finance, there exists a crucial criterion for determining the residency of a company - the location of its central management and control. This pertains to t...

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Administrative expenses

Indirect expenses, also known as overhead costs, are not as straightforwardly linked to a specific activity as direct costs such as production and sales expenses. They often...

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Pro rata rule

VAT systems typically allow for a credit on input tax, which refers to the VAT previously paid on goods and services. This credit can be claimed when these items are used in...

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Tax avoidance

of The concept of avoidance in finance refers to the act of deliberately avoiding certain investments or strategies in order to minimize risk or potential losses. This can i...

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