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Taxation definition business dictionary

Taxation definition business dictionary

Tax concession definition: a reduction made by the government in the amount of tax that a particular group of people | Meaning, pronunciation, translations and examples Log In DictionaryDirect tax definition: A direct tax is a tax which a person or organization pays directly to the government , | Meaning, pronunciation, translations and examplesHome » Accounting Dictionary » What is Double Taxation? Definition: Double Taxation is an occurrence where the income from the same source is taxed twice before translating into net income. tax definition: 1. Learn more. Definition of taxation. This corporate phenomenon occurs because company income is taxed at the corporate level and taxed again when distributed to shareholders through dividends . to demand a tax in consideration of the possession or occurrence of (income, goods, sales, …. For example, multiple taxation may occur when a publicly-traded company pays corporate taxes on its earnings. The Community has fixed the amount at 60,000 EURO per TIR carnetTAX -- The OECD working definition of a tax is a compulsory unrequited payment to the government. 2 : revenue obtained from taxes. ). 3 : the amount assessed as a tax. TAXABLE EVENT -- Term used to define an occurrence which affects the liability of a person to tax. 1 : the action of taxing; especially : the imposition of taxes. It then passes on some of those earnings to shareholders as dividends, on which they must pay a capital gains tax at the federal level and then again atThe amount of the security covering the duties and taxes at risk. (an amount of) money paid to the government that is based on your income or the cost of goods or…. TAXABLE BASE -- The thing or amount on which the tax rate is applied, e. g. Multiple Taxation. Business definition: Business is work relating to the production, buying , and selling of goods or services. | Meaning, pronunciation, translations and examples Log In Dictionaryverb (used with object) to demand a tax from (a person, business, etc. The TIR Convention recommends the amount of the guarantee should be $50,000 per TIR carnet. A situation in which the same earnings are taxed than twice. corporate income, personal income, real property

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