Search results for keyword: exempt
bonded factory
A bonded factory is a kind of factory that falls under the special case of customs supervision. Here, the goods produced and stored will not be subject to regular customs procedures, such as payment of customs duties and other fees, upon entering or leaving the factory. With the exemption from the......
12/07/2023 
1042 
Helen
bonded goods
Bonded commodities are goods that are imported or exported at the same time, placed in a special storage warehouse and declared to the customs authorities. Generally, the goods adopt the customs supervision while they are in the storage warehouses, and normal goods which have the same requirements......
bonded system
Bonded System
The Bonded System is a system in which goods can be stored without the obligation to make the payment of duty or taxes. It is a system which allows for goods to be stored in a specifically designated area, known as a Bonded Warehouse, and for duty and taxes to be only payable when th......
exemption from insurance liability
exemptions for insurance obligations
Insurance is an important tool for people to protect their assets and enable them to meet unexpected disasters. Inevitably, insurance companies must also assume corresponding obligations and responsibilities to protect the interests of insurance beneficiaries.......
double tax treaty
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Double Taxation Avoidance Agreement
Double Taxation Avoidance Agreement (DTAA) is an agreement between two countries that helps to reduce double taxation of income by signing an agreement so that tax is paid only once by the resident of one of the contracting States. This agreement makes sure t......
real estate income
Income from real estate is a relatively stable and attractive income source for many people. Many people are attracted to the potential profits from owning a piece of real estate, but there are also risks to be aware of.
Income from real estate can come from several different sources, including ......
financial structure
Financial Structure
Financial structure is one of the most important aspects that a company must consider when managing their financial operations. It defines how the company’s financial resources such as cash, credit, debt, and equity instruments are deployed. It also lays out the resources ava......
Appropriate funds
Special Funds Allocation
The concept of a special funds allocation has become increasingly common in both the public and private sectors. It refers to the process of setting aside a specific budget for a particular purpose, such as research, development, or capital projects. This special funding ......
untaxed income
Income which is not subject to tax is not subject to taxation. This income includes gifts and inheritances, gifts from friends and family, income from investments and other sources, as well as income from certain government sources that are not considered taxable.
Gifts are generally not taxed b......
Excess progressive tax rate
Excess Progressive Tax Rates
The excess progressive tax rates is a type of taxation system applied in many countries whereby taxes are charged based on an individuals or companys income or assets. The excess progressive taxation system involves greater tax rates as an individual or companys incom......
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