In Oracle EBS R12, the tax regime refers to the set of rules and regulations governing how taxes are applied to transactions within the system. It allows organizations to configure tax rules based on jurisdiction, product types, and business operations, ensuring compliance with local tax laws. The tax regime includes features for managing various tax types, calculating tax amounts, and generating tax reports, making it essential for effective financial management and reporting. Users can define multiple tax regimes to accommodate different business units or geographical locations.
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That depends on the tax regime in the country/state where you live.
Commoners
the poll tax ordinance of 1852 of gold coast
It is assumed that the objective of value added Tax is to replace a complex sales tax regime with a simpler tax a percentage imposed on all goods sold.
It is assumed that the objective of value added Tax is to replace a complex sales tax regime with a simpler tax a percentage imposed on all goods sold.
That depends on the tax regime in the country/state where you live. As you have not told us this we cant tell you more.
Michael H. Wachtel has written: 'The new corporate international tax regime' -- subject(s): Foreign Investments, Foreign income, Income tax, International business enterprises, Law and legislation, Taxation
Under the old regime, the group that typically paid the least in taxes was often the nobility and clergy, who enjoyed various exemptions and privileges. This was due to their significant influence and power within the societal structure, allowing them to avoid many tax obligations that burdened the lower classes, particularly peasants and urban workers. As a result, the tax burden disproportionately fell on the lower socioeconomic groups.
It was used to provide internal and external security, build infrastructure and a percentage to the rulers. Tax was moderate - after the Greek cities in Asia Minor were freed from Persian rule in 478 BCE, the tax regime for those citis was generally set at the same as the Persian tax.
Service tax is not applicable in Jammu and Kashmir due to its special status, which granted the region autonomy in certain areas, including taxation. Following the abrogation of Article 370 in August 2019, the Goods and Services Tax (GST) regime was implemented, which integrated Jammu and Kashmir into the national tax framework. However, specific exemptions or variations in tax application may still exist based on local regulations and administrative decisions. As a result, the treatment of service tax and other taxes may differ from other states in India.
Both had failed to Pay as you Go and to Balance the Books. France had created a major National debt and was stuck with an unfair and unpopular tax code that had been established by the Ancient Regime. The Catholic Church and the Nobles were living a tax free existence while the Third Estate was saddled with the tax burden.