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Taxes

Stamp duties

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In the realm of finance, there exists a tax known as stamp duty. This tax is imposed upon the issuance of official documents, such as passports, property deeds, and contracts for the transfer of ownership. The method of levying this duty involves affixing a physical stamp onto the document itself. This tax, also referred to as stamp tax, is commonly used to generate revenue for the government and is a crucial aspect of financial planning and management.

Loss relief

Income tax laws often include provisions for mitigating losses, commonly through carrying them over to offset against profits in previous or future years, or by using them t...

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Horizontal equity

In the world of finance, there is a fundamental principle known as the "equal treatment doctrine." This doctrine states that taxpayers who are in similar situations should b...

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Death duties

Estate taxes, also known as death taxes, are levied on the transfer of an individual's assets upon their passing. These taxes are imposed by the government and are based on ...

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Extended limited tax liability

One important principle in finance is the concept of tax jurisdiction and its impact on taxpayers. Specifically, individuals who are subject to individual income tax, net wo...

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