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Taxes

Investment allowance

When it comes to finance, understanding the concept of allowance for depreciable assets is crucial. This refers to the additional amount added to the initial cost of a qualifying asset for the purpose of depreciation. Typically, this allowance is granted in the year of acquisition or as soon as possible thereafter.

Commodity tax

Tax is a financial obligation imposed on a specific set of goods. It is a form of revenue for the government and is often used to regulate consumption. The amount of tax imp...

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Field audit

This is known as a field audit. A crucial aspect of tax compliance is the field audit, where tax authorities assess a taxpayer's tax return at their place of business. This...

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Shell company

A deceptive organization created by dishonest individuals to mask their tax evasion tactics....

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Mortgage tax

A common obligation for homeowners, the tax on mortgages takes the form of a stamp duty imposed on the mortgage contract. This financial burden, often overlooked, can signif...

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