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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.

Self-assessment

In the realm of finance, there exists a system that mandates taxpayers to disclose the basis of their assessment, such as their taxable income. This process also involves su...

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Hidden tax

Indirect tax refers to a type of tax that is paid by the consumer without their explicit knowledge. This tax is often included in the price of goods or services, making it s...

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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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Tax threshold

Tax threshold refers to the point at which an individual or entity's income, capital, or sales reach a certain level and are then subject to taxation. This threshold varies d...

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