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Taxes

Payroll tax

One of the essential terms in the field of finance is payroll tax. This refers to the tax that an employer must pay on the total amount of salaries, wages, and other forms of compensation given to their employees. Unlike other types of taxes, payroll tax is not based on individual circumstances, such as one's residence or family status. It is a universal tax that applies to all employees regardless of their personal situation.

Zero rate

In finance, "zero-rated" refers to a tax rate of 0% that is applied to certain goods or services. Specifically, this term is commonly used in the context of VAT, or value-ad...

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Ruling

Tax authorities make decisions or give opinions based on factual situations that are presented to them during assessments or in response to inquiries from taxpayers. These d...

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Flat tax

A flat tax is a type of tax system where all income levels are subject to the same tax rate. This concept is often explored as an alternative to the progressive tax, which i...

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Economic double taxation

Double taxation refers to the situation where an individual or company is taxed twice on the same income or asset. This can happen due to conflicting tax laws in different ...

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