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Taxes

Estimated assessment

When it comes to income tax, it is important to keep accurate records in order to determine the amount of tax that is due. This is especially crucial for small traders, who may not have the resources to maintain detailed records. In cases where the records are insufficient, the tax authorities may have to use an estimate to calculate the taxable income or profits. This is done to ensure fair taxation and prevent any potential tax evasion.

Foreign tax relief

When discussing the topic of foreign tax relief, there are two main approaches that are often used: the credit method and the exemption method. In simple terms, these method...

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Auxiliary company

A subsidiary is a company that is owned by a larger parent company. They provide supporting services to other companies within the same group. These services can include adm...

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Refund (of tax)

When discussing taxation, it is important to understand the concept of tax repayment. Simply put, this refers to the amount of tax that is returned to a taxpayer. This can ...

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Non-discrimination

In the world of finance, tax treaties play a crucial role in protecting the rights of individuals residing in different countries. These treaties often include a "non-discri...

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