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Taxes

Provisional assessment

In finance, an assessment of tax is conducted before a final assessment can be made. This initial assessment is typically based on an estimated figure or the previous year's figures. It is an important step in the tax process, providing a preliminary understanding of the taxes owed. This allows for planning and preparation before the final assessment is made. As a knowledgeable professor, I urge you to always stay informed and updated on these financial terms to make informed decisions.

Tax compliance

Tax compliance is the measure of how well a taxpayer adheres to the tax regulations of their country. This includes properly reporting their income, submitting tax returns, ...

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Income subject to tax

As a financial expert, it is important to understand the concept of taxable income. Taxable income refers to any income that is subject to taxation, regardless of any deduct...

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Auxiliary activities

A wise professor of finance would tell you that a permanent establishment, as defined by tax treaties, refers to a fixed location where a business conducts an activity that ...

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Debt/equity ratio

Understanding the relationship between a company's total debt and ordinary share capital is crucial in the world of finance. When a corporate debt outweighs its equity, ther...

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