4 Terms
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Tax
Of or relating to the fees charged by a government on a product, income, or activity; and also to the system by which they are successfully levied.
Industry: Accounting
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Tax
backup withholding
Apparel; Tax
Backup withholding is a type of withholding for federal income taxes on certain types of income, such as interest, dividends, rents, and self-employment income.
affiliation privilege
Accounting; Tax
Tax relief or exemption accorded to dividend distributions made by a resident subsidiary company to its parent company which owns a certain minimum percentage of shares, in order to mitigate double ...
allocation
Accounting; Tax
The apportionment or assignment of income or expense for various tax purpose, e.g., between permanent establishments in various jurisdictions.
amortization method
Accounting; Tax
Method of computing a credit under a VAT regime where investment goods are purchased which have a useful life in the business for a period exceeding one year. The tax embodied in the price paid for ...
apportionment method
Accounting; Tax
One of the methods used to allocate income and expenses between related enterprises using a formula consisted of some factors such as sales, property, or payroll.
arbitrage
Accounting; Tax
Process of buying a commodity (which may include currency or securities) and simultaneously selling it in another market in order to profit from price differentials.
