Question: What is Taxable Event ?
Answer:
It
is the Term used to define an occurrence
which affects the liability of a person to tax.
Question: What is Taxable
Period ?
Answer:
Taxes
are levied by reference to a period of time called the "taxable
period". Tax year
Question: Who is Tax Agent ?
Answer:
Term
which refers to a tax adviser who assists the taxpayer in fulfilling his
obligations under the legislation.
Question: What is Tax
Bill
Answer:
Draft
law on a tax matter which, after approval by the government of a country, is
submitted to the Parliament for debate.
Question: What is Tax
Clearance Certificate ?
Answer:
Document issued to a taxpayer by the tax authorities
certifying that the taxpayer has either paid all taxes due or that he is not
liable to any taxes. In certain countries a tax clearance certificate must be
produced before a person can leave the country.
Question: Who is Tax
Exile ?
Answer :
A
natural or legal person who severs all ties which make him fiscally resident in
a particular country and moves to another jurisdiction for tax reasons.
Question: What is Tax
Foreclosure?
Answer:
The
process of enforcing a lien against property for non-payment of delinquent
property taxes.
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