Taxation vocabulary in English

Key concepts related to taxes in business operations.

income tax – tax levied on the income of individuals or businesses.

corporate tax – tax imposed on the net income of a company.

sales tax – tax on sales of goods and services.

value added tax (VAT) – a consumption tax placed on a product whenever value is added.

withholding tax – tax withheld from employees' wages and paid directly to the government.

tax liability – total amount of tax owed to the government.

tax deduction – expenses that can be subtracted from gross income to reduce taxable income.

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tax avoidance – legal strategies to minimize tax liability.

tax evasion – illegal non-payment or underpayment of tax.

Comments

1.	Introduction
2.	Basic accounting terms
3.	Accounting principles and concepts
4.	Budgeting and forecasting
5.	Cost accounting
6.	Financial analysis and ratios
7.	Taxation
8.	Auditing and compliance
9.	Corporate finance and investment
10.	International finance
11.	Banking and cash management
12.	Payroll and compensation
13.	Accounts payable and accounts receivable
14.	Risk management
15.	Financial regulations and accounting standards

1.	Introduction
2.	Basic accounting terms
3.	Accounting principles and concepts
4.	Budgeting and forecasting
5.	Cost accounting
6.	Financial analysis and ratios
7.	Taxation
8.	Auditing and compliance
9.	Corporate finance and investment
10.	International finance
11.	Banking and cash management
12.	Payroll and compensation
13.	Accounts payable and accounts receivable
14.	Risk management
15.	Financial regulations and accounting standards

7 Taxation vocabulary in English