Skip to main content
Taxes

Forfait

In certain countries, taxes may be imposed on an approximate taxable amount, known as a forfait, specifically when it comes to income tax or turnover tax for small businesses. This practice allows for a simplified tax calculation process for these enterprises. Additionally, forfaits are usually applied to industries with a high level of uncertainty or difficulty in determining an accurate taxable base. This method of taxation aims to strike a balance between fairness and practicality in the tax system.

Related terms

Earnings stripping

Understand the meaning and definition of Earnings stripping in the context of stock market, trading, and investments.

MORE
Compensatory stock options

Understand the meaning and definition of Compensatory stock options in the context of stock market, trading, and investments.

MORE
Rollover relief

Understand the meaning and definition of Rollover relief in the context of stock market, trading, and investments.

MORE
Single entity approach

Understand the meaning and definition of Single entity approach in the context of stock market, trading, and investments.

MORE
Mortgage tax

Understand the meaning and definition of Mortgage tax in the context of stock market, trading, and investments.

MORE
Tax authorities

Understand the meaning and definition of Tax authorities in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store