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Taxes

Gross income

In the world of finance, gross receipts refer to the total amount of money or assets received by an individual or business for their services. This can include both cash and property received as compensation for independent personal services. Additionally, gross receipts also encompass any income derived from a trade, business or service, such as interest, dividends, royalties, rentals, and fees. In essence, it encompasses all forms of compensation received by a taxpayer, making it an important term to understand in the realm of finance.

Indirect tax credit

In the realm of finance, there are certain terms that hold great significance. One such term is credit, which refers to the ability to borrow money or obtain goods or servi...

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Bilateral advance pricing arrangement (bapa) apa

is a common practice in international taxation. This is known as tax coordination. One frequently utilized strategy in international taxation is the collaboration between t...

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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 businesse...

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Tax evasion

Evasion, also known as tax avoidance, is a term used in finance to describe the practice of reducing or avoiding taxes through legal means. This can include taking advantage...

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