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Taxes

Output tax

In the realm of taxes, one term that is frequently encountered is "output tax". This refers to the tax that is imposed on the sale of goods or services by individuals or businesses subject to value-added tax (VAT). In contrast, "input tax" refers to the tax that can be claimed as a credit by the seller, making it a crucial aspect in the calculation of VAT. Understanding this distinction is essential for anyone navigating the complex world of finance and taxation.

Direct charge method a

In finance, there is a method of charging directly for specific intra-group services based on a clearly identified basis. This approach involves the allocation of costs amon...

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Malpractice

Professional misconduct refers to the improper or unethical actions of a professional while carrying out their duties. This can be deliberate or unintentional, resulting fro...

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Vertical equity

The concept of tax equity posits that individuals with varying financial situations should be subject to different tax rates. In other words, those with higher income and ca...

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Tax agent

A tax consultant is a professional who provides guidance and support to individuals and businesses in meeting their tax obligations according to the laws and regulations. Th...

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