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Credit, withholding tax

Income from different sources, such as dividends, interest, and royalties, is subject to taxation at the source. This means that the payer is responsible for deducting the tax and reporting it to the appropriate tax authorities. As a taxpayer, you have the right to claim credit for the tax withheld at the source when calculating your final tax liabilities. This is determined by the tax laws of the country where you reside.

Examination

Tax return examination, also known as tax review, is a thorough evaluation of a taxpayer's financial records, including tax returns, accounts, and self-assessment calculatio...

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Corresponding adjustment

When a tax administration makes a primary adjustment in one tax jurisdiction, the tax liability of the associated enterprise may also be adjusted in a second jurisdiction. T...

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Tax clearance certificate

A tax clearance certificate is a document issued by the tax authorities that certifies a taxpayer has either paid all taxes due or is not liable for any taxes. In some count...

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Second-tier subsidiary

A subsidiary is a taxable entity under the control of another taxable entity, which is in turn controlled by a third entity. This type of structure allows for a hierarchy of...

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