Question: What is Tax-Free
Zone ?
Answer:
Area
within the territory of a country in which customs duties and other types of
indirect taxes are not applied.
Question: What is Tax Haven ?
Answer:
Tax
haven in the "classical" sense refers to a country which imposes a
low or no tax, and is used by corporations to avoid tax which otherwise would
be payable in a high-tax country. According to OECD report, tax havens have the
following key characteristics; No or only nominal taxes; Lack of effective
exchange of information; Lack of transparency in the operation of the
legislative, legal or administrative provisions.
Question: What is Tax Holiday?
Answer:
A tax holiday offers a period of exemption
from income tax for new industries in order to develop or diversify domestic
industries.
Question: What is Tax
Threshold ?
Answer:
Level
(of income, capital, sales, etc.) at which tax commences to be levied.
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