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Ministry of finance (mof)

In the field of economics, the government's role in managing the nation's financial affairs falls under the jurisdiction of the department responsible for formulating monetary policies, implementing tax laws, and collecting revenue. This department plays a crucial role in stabilizing the economy and ensuring the efficient allocation of resources. Let's delve deeper into the intricacies of these financial terms and understand their significance.

Fee

Central and local governments levy fees as a form of payment for specific services provided to citizens. These fees are distinct from taxes and are not typically included in...

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Loophole

Tax law offers various opportunities for taxpayers to reduce their tax liabilities. One such opportunity is tax deductions, which allow taxpayers to deduct certain expenses ...

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Non-recourse debt

A non-recourse debt is a type of financing where the borrower is not personally liable for the repayment of the debt. This means that the lender can only use the pledged col...

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Abuse of law

is called the Substance Over Form Principle. The Substance Over Form Principle is a fundamental concept in finance that allows tax authorities to disregard a taxpayer's use ...

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