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Taxes

Personal allowances

This can reduce the taxable income and thus, the amount of tax owed.

As we delve into the realm of personal finance, it is crucial to understand the concept of personal allowances. These allowances serve as deductions from an individual's income when calculating their taxable income. Typically, one can claim allowances for themselves, their spouse, children, and other dependents. By reducing the taxable income, these allowances can ultimately lower the amount of tax that an individual owes.

Investment method

One of the methods utilized in the realm of finance is the application of Value Added Tax (VAT) in business transactions. This involves the immediate crediting of tax agains...

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Foreign exchange tax

As we delve into the world of finance, we come across the concept of a special tax that is levied on transactions involving the sale of foreign exchange by domestic banking ...

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Subsidiary company

A subsidiary is a company that is controlled by another company, also known as the parent company. Various factors, such as the percentage of shares owned, are taken into co...

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Permanent establishment (pe)

In the realm of finance, there exists a term known as "permanent establishment," which holds particular significance in the context of double taxation agreements. This term...

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