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Taxes

Stamp duties

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In the realm of finance, there exists a tax known as stamp duty. This tax is imposed upon the issuance of official documents, such as passports, property deeds, and contracts for the transfer of ownership. The method of levying this duty involves affixing a physical stamp onto the document itself. This tax, also referred to as stamp tax, is commonly used to generate revenue for the government and is a crucial aspect of financial planning and management.

Single entity approach

One method of taxing a legal entity's business is through a permanent establishment, rather than a subsidiary company. This approach, known as the single entity approach, tr...

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Power of attorney

A power of attorney is a legal document that designates one person as the agent or attorney-in-fact, to act on behalf of another individual, known as the principal. This aut...

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Accelerated depreciation

A common method of depreciating business assets is known as the accelerated method. This method allows taxpayers to allocate larger deductions towards the beginning of the a...

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Marginal rate of tax

As we delve into the intricacies of finance, one must understand the concept of tax rates. Specifically, the top slice or bracket of a taxpayer's income is subject to a prog...

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