by pay@crispino.us | Aug 24, 2026 | Taxes & Regulations, Terminologies
A levy imposed on net income earned by businesses and individuals. It reduces profitability but funds government operations. Requires accurate calculation and timely reporting.
by pay@crispino.us | Jul 23, 2026 | Taxes & Regulations, Terminologies
A tax on specific goods such as alcohol, fuel, or tobacco. Usually included in the product price. Requires careful compliance and reporting.
by pay@crispino.us | Jun 30, 2026 | Taxes & Regulations, Terminologies
The pricing of goods and services exchanged between divisions of the same company, often across borders. Regulated to prevent tax avoidance. Requires careful documentation.
by pay@crispino.us | Apr 14, 2026 | Taxes & Regulations, Terminologies
An expense that reduces taxable income, lowering overall tax liability. Examples include business expenses, charitable donations, and retirement contributions. Encourages certain behaviors through incentives.
by pay@crispino.us | Feb 15, 2026 | Taxes & Regulations, Terminologies
A tax withheld at source from salaries, dividends, or contractor payments. Businesses act as collection agents for tax authorities. Failure to remit can cause legal penalties.
by pay@crispino.us | Jan 14, 2026 | Taxes & Regulations, Terminologies
An indirect tax charged on goods and services at the point of sale. The business collects it on behalf of the government. Must be reported and remitted regularly.
