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International Commercial Bank Loan
International Commercial Bank Loan
An international commercial bank loan is a loan extended to businesses or organizations that operate internationally, such as a multinational corporation, by a commercial bank based in an international financial center. These loans are made possible insofar as t......
10/07/2023 
1044 
Sophia
Model Agreement for the Avoidance of Double Taxation between Developed and Developing Countries
Double Taxation Avoidance Agreement Model between developed countries and developing countries
This Agreement is entered into between two countries, which are and are parties made to avoid double taxation and the prevention of fiscal evasion with respect to taxes on income by and/or capital gains......
dividend income tax
Purposes of the Tax
Dividend taxation is a form of domestic revenue that governments use to maintain their financial operations. It is designed to generate revenue to pay for governmental activities such as services, infrastructure, and national defense.
In the United States, dividends are taxed......
Final settlement
PIT withholding and settlement is the composition of wages, salary and other incomes of personnel, withholding, payment and closing of PIT (personal income tax) according to the relevant regulations of the state.
For employers, it is a very important task to do the withholding and settling of PI......
tax object
Income Tax Object
Income tax is one of the most common forms of taxation around the world. It is applicable to practically all types of income and financial activities, which means that practically all individuals, whether as individuals or as members of a legal entity, may be subject to income t......
tax resistance
Tax avoidance is a method by which individuals and businesses use legal means to reduce their tax payments without actually breaking the law. Generally speaking, tax avoidance involves the use of legal loopholes to reduce taxable income and maximize tax savings. The main goal of tax avoidance is t......
taxpayer
Taxation is a form of policy of a government to collect monetary funds from citizens for the purpose of financing for government projects, infrastructure development and redistribution of funds for the betterment of society. Taxation also plays an important role in the implementation of various so......
lien
Introduction
Garnishment is the legal power used by creditors to take up money or property from a debtor during a dispute over overdue debts or unpaid financial obligations. It grants immense authority to creditors in securing payment from debtors who refuse to settle their debts willingly or ef......
turnover tax
Introduction
Taxes have been around for centuries, and each nation chooses its own form of taxation system to fund its operations. In the United States, the federal government collects taxes primarily from individuals and businesses; much of what individuals pay in taxes is used to support public......
US tax system
The United States Tax System
The United States has a progressive tax system, meaning the tax rate that individuals are liable for increases with their level of income. It is considered the most complicated tax system in the world. Understanding and complying with legal tax responsibilities is of ......
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