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Taxes

Tax return

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Welcome to the world of finance, where we explore the concepts of risk and return. As investors, we are constantly faced with decisions that involve balancing these two concepts. Return refers to the amount of profit or loss we may earn on our investments, while risk is the possibility of losing our investment. It is important to understand the relationship between return and risk, as it can greatly impact our investment decisions. Let's dive deeper into these terms and their implications in the world of finance.

Net profit

As we delve into the world of finance, it is important to understand the distinction between receipts from business transactions and deductible business expenses. While rece...

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Pro rata rule

VAT systems typically allow for a credit on input tax, which refers to the VAT previously paid on goods and services. This credit can be claimed when these items are used in...

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Schedular tax system

A fundamental concept in finance is the tax system, which involves the separate taxation of income from various sources. This means that different "schedules" are used to de...

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Statute of limitations

In the realm of finance, there exists a legal term known as a statute of limitations. This term refers to a set time period during which a particular legal action can be pur...

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