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.
Macau is not entirely tax-free, but it has a low tax regime compared to many other regions. There is no value-added tax (VAT) or sales tax, and individual income tax rates are relatively low, capped at 12%. However, businesses do face some taxation, including corporate income tax and other fees. Overall, Macau is often considered a tax-friendly destination, especially for individuals and tourists.
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.
Monaco is known for its favorable tax regime, as it does not levy personal income tax on residents. However, there are certain taxes, such as value-added tax (VAT) and corporate taxes for businesses, particularly those earning more than a specific threshold. Additionally, there are property taxes and fees associated with real estate transactions. Overall, Monaco's tax structure is designed to attract wealthy individuals and businesses.