annual tax
41Tax-Free Savings Account — The Tax Free Savings Account or TFSA was introduced by Jim Flaherty, Canadian federal Minister of Finance, in Budget 2008. It was a significant measure in the budget and will be coming into effect on January 1st, 2009. [“Get ready for new Tax… …
42Annual Exclusion — The amount of money that may be transferred by gift from one person to another each year without incurring a gift tax or affecting the unified credit. This amount can be transferred in the form of cash or other assets. The annual exclusion has no …
43Tax Bracket — The rate at which an individual is taxed. Tax brackets are set based on income levels; individuals with lower income levels are taxed at a lower rate than individuals with higher income levels. Tax brackets serve as cutoff points for given income …
44tax system — Spain s tax system is, from 1998, in the process of being reformed. The number of income tax brackets was reduced from eighteen in 1996 to ten in 1997, and a further reduction to six was proposed in 1998. Prior to these reforms, rates ranged… …
45tax return — A form upon which a taxpayer makes an annual statement of income and personal circumstances enabling claims to be made for personal allowances. In the UK an income tax return also requires details of capital gains in the year. The onus is on the… …
46tax return — A form upon which a taxpayer makes an annual statement of income and personal circumstances enabling claims to be made for personal allowances. In the UK an income tax return also requires details of capital gains in the year. The onus is on the… …
47Annual report — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
48annual accounting period — In determining a taxpayer s income tax liability, only those transactions taking place during a particular tax year are taken into consideration. For reporting and payment purposes, therefore, the tax life of taxpayers is divided into equal… …
49annual accounting period — In determining a taxpayer s income tax liability, only those transactions taking place during a particular tax year are taken into consideration. For reporting and payment purposes, therefore, the tax life of taxpayers is divided into equal… …
50Tax Reform Act of 1969 — The United States Tax Reform Act of 1969 established individual and corporate minimum taxes, established a new tax schedule for single taxpayers, and lowered the maximum rate on earned income from 70 percent to 50 percent.The act phased in an… …
