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Taxes

Royalties

As an expert in finance, I want to delve into a crucial aspect of intellectual property: payments. These are received in exchange for the use or rights to use intellectual property, which includes copyrights, patents, trademarks, designs, models, plans, and secret formulas or processes. Understanding the significance of these payments is essential for any business or individual involved in the realm of intellectual property. Let's explore this topic in detail.

Estimated assessment

When it comes to income tax, it is important to keep accurate records in order to determine the amount of tax that is due. This is especially crucial for small traders, who ...

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Accounts payable

, is known as accounts payable. These debts are usually short-term and are expected to be paid within a specific time frame. Accounts payable, a crucial concept in finance,...

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Evasion

Tax evasion is a complex concept that often involves the concealment of income or information from tax authorities in order to pay less tax than what is legally required. Th...

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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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