• Tax Law and Accounting
    adhere to professional standards and follow the law. Understanding taxation requires a good knowledge of the history and trends of the Federal Income tax, the sources of the rules of tax law, and the difference between tax accounting and financial accounting. References Facts Monk. Federal...
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  • MIS note
    ) Nationals and non-nationals corporate enterprise concept. (3) The same tax rate for domestic enterprise and foreign enterprise. (4) Further adjustment for tax concessions. 3. The problems of new enterprise income tax law (1) Sources of revenue management mechanism problems a...
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  • Double Taxation Law in India
    this agreement allocates jurisdiction between source and the residential country. This law also prescribed the maximum rate of taxation in the source country where the income arises and the maximum rate is generally lower than the tax rate for residents of source country. And after pay less tax to...
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  • Principle of international taxation
    individuals’ taxation, to know exactly the meaning of “source of income” we have to analyze each situation on a case by case basis. • Let’s consider this question from the point of view of Chinese rules: Enterprise Income Tax law Article 3 A resident enterprise shall pay the enterprise income...
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  • Tax Introduction
    : Income Tax Act - source of income tax legislation. Income Tax Application Rules, 1971 - transitional rules relating pre-72 and post-71 tax law, referenced in the ITA (relates to capital gains and losses) Income Tax Regulations - details set out with respect to specific legislation in the ITA and...
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  • Income Tax Law Research
    Income Tax Law Research For questions and issues involving income tax law, individuals, businesses, attorneys, and tax preparers have several information resources that provide answers. This paper, however, summarizes only four sources of income tax law, which are IRS.gov, USA.gov, Treasury Tax...
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  • International Taxation
    International taxation International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries or the international aspects of an individual country's tax laws. Governments usually limit the scope of their income taxation in some manner...
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  • Double Taxation
    i.e. taxation in India as well as in country ‘X’. The domestic tax laws contain many provisions for either exempting totally or partially foreign source income, or permitting the taxpayers to deduct foreign income-tax in the same manner as other items or cost or expenses. The other provision...
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  • Acct 2231 Notes
    Taxation) administers and enforces tax laws * C/W tax disputes heard by Courts/Tribunal Jurisdiction to tax * General Jurisdictional rules: * Territorial based: focuses on the source of income * Worldwide approach: not only takes into account the source of income but also the...
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  • Practice and Legal Aspects of Corporate Taxation in Bulgaria
    receive income from a source in Bulgaria; 3.Ednolichnite traders and individuals registered as tobacco producers and farmers to determine taxable income in accordance with Art. 26 of the Law on Income Tax of Individuals - Tax withholding in cases specified in the Law on Income Tax of Individuals...
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  • taxation
    , by the Tax Code or other special laws. 3) What is Gross Income? Gross income means all income derived from whatever source. 4) What comprises gross income? Gross income includes, but is not limited to the following:            Compensation for services, in whatever form...
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  • Taxation in Malaysia
    and real property gains taxes. There are 3 sources of revenue law in Malaysia, which are statute law, case law and practice of the Malaysia Inland Revenue Board (IRB). Statute law is the principal direct tax legislations in Malaysia, which include Income Tax Act 1967 (Act 53); Petroleum (Income...
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  • Gasb and Fasb
    income tax statutes, to compare and contrast between GAAP and tax accounting, also to differentiate between tax avoidance and tax accounting. Tax Law and Accounting Sources of Modern Income Tax Statutes The Legislative Branch, the Executive Branch, and the Judicial Branch all generate sources of...
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  • Business Law
    Lecture 1 Operating Framework of the Australian Tax System Tax Administration BUSL320 Catriona Lavermicocca Macquarie University 1 1. 2. 3. 4. The Nature of Tax Framework in which the Tax Laws operate : Constitutional Basis of Taxation Sources of Income Tax Law Tax...
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  • Introduction to Income Tax
    increases ex. Income tax, estate tax, donor’s tax c. regressive- the rate of tax decreases as the tax base or bracket increases d. degressive- increase of rate is not proportionate to the increase of tax base. Nature, Sources and Interpretation of Tax Laws TAX LAW- any law which provides for the...
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  • Laws to Be Made by Me of India
    gains, and * Income from other sources However, this Act may soon be repealed and be replaced with a new Act consolidating the law relating to Income Tax and Wealth Tax, the new proposed legislation is called the Direct Taxes Code (to become the Direct Taxes Code, Act 2010). Act was referred...
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  • taxation
    , by the Tax Code or other special laws. 3) What is Gross Income? Gross income means all income derived from whatever source. 4) What comprises gross income? Gross income includes, but is not limited to the following:            Compensation for services, in whatever form...
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  • Valuation Allowance
    tax law. (b) According to FASB ASC 740-10-30-18 (Income Taxes, Overall, Initial Measurement): The following four possible sources of taxable income may be available under the tax law to realize a tax benefit for deductible temporary differences and carryforwards: a. Future reversals of...
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  • Taxation
    promote the public welfare. 9. Customs duties and fees – duties charged upon commodities on their being transported into or exported from a country. 10. Revenue – a broad term that includes taxes and income from other sources as well. 11. Impost – in its general sense, it signifies any tax...
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  • Income Tax
    10. Equity is a relative concept and people often disagree as to what is equitable. For tax purposes, equity is equal application of what the tax law recognizes. 11. Alleviate the effect of multiple taxation. a. Taxpayers are allowed a deduction for state and local income taxes and...
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