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Taxes

Property tax

One of the fundamental aspects of finance is understanding the various forms of taxes that individuals and businesses are subject to. A crucial type of tax is property tax, which is levied on properties owned by individuals and businesses, based on their assessed value. This group of taxes is a significant source of revenue for governments and plays a vital role in funding public services and infrastructure.

Source rule

A crucial factor in understanding the taxation of income is the concept of source, as defined in a country's national law or a tax treaty. This provision determines the orig...

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Accounting period

is known as Tax Year. This is typically a calendar year, but can also be a fiscal year based on the specific accounting period of a business. The concept of a tax year refe...

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Tax exile

A fiscal resident is a person, either natural or legal, who cuts ties with their current country of residence and moves to a different jurisdiction for tax purposes. This ca...

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Overhead expenses

Let's discuss the concept of overhead costs in finance. These are the expenses that a business incurs, not related to the production of goods or services. It's important to ...

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