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Taxes

Self-assessment

In the realm of finance, there exists a system that mandates taxpayers to disclose the basis of their assessment, such as their taxable income. This process also involves submitting a calculation of the due taxes and, most often, accompanying it with the corresponding payment. It is the responsibility of tax authorities to review these declarations, possibly through random audits, to ensure the accuracy of the taxpayer's reported income.

Branch tax

When a foreign company operates through a branch in a country, it is subject to a special tax known as branch profits tax. This tax is in addition to the regular corporate i...

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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,...

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Accounts payable

, is known as accounts payable. These debts are usually short-term and are expected to be paid within a specific time frame. Accounts payable, a crucial concept in finance,...

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Invoice basis

When we talk about the application of VAT, we are referring to a method of calculating the tax that is added to the price of goods or services. This involves taking into acco...

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