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Taxes

Property tax

One of the fundamental aspects of finance is understanding the various forms of taxes that individuals and businesses are subject to. A crucial type of tax is property tax, which is levied on properties owned by individuals and businesses, based on their assessed value. This group of taxes is a significant source of revenue for governments and plays a vital role in funding public services and infrastructure.

Avoidance

Tax planning is a crucial aspect of financial management that aims to minimize a taxpayer's tax liability. It involves the strategic arrangement of one's financial affairs ...

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Primary adjustment

Let's delve into the concept of transfer pricing, a crucial aspect of international taxation. Simply put, transfer pricing refers to the pricing of goods or services between...

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Estate duty/tax

Death duties, also known as inheritance tax or estate tax, are taxes that are imposed on the transfer of assets after a person's death. This tax is calculated based on the ...

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Accounting period

is known as Tax Year. This is typically a calendar year, but can also be a fiscal year based on the specific accounting period of a business. The concept of a tax year refe...

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