deduction of tax

См. также в других словарях:

• deduction of tax at source — the process whereby the payer of, e.g. interest, deducts income tax at the basic rate from the payment and accounts for it to the Inland Revenue. It can be compared with the system of Pay As You Earn (PAY E), whereby employers are required to… …   Law dictionary

• deduction of tax at source — quantity that can be subtracted from a person s income tax …   English contemporary dictionary

• deduction — de·duc·tion n 1: an amount allowed by tax laws to be subtracted from income in order to decrease the amount of income tax due see also internal revenue code in the important laws section compare credit, ex …   Law dictionary

• Deduction — may refer to: in logic: Deductive reasoning, inference in which the conclusion is of no greater generality than the premises Natural deduction, an approach to proof theory that attempts to provide a formal model of logical reasoning as it… …   Wikipedia

• tax credit — n: an amount that may be subtracted from the sum of tax otherwise due and that is distinguished from a deduction applied to gross income in the calculation of taxable income compare exemption Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

• deduction — An expense that is allowable as a reduction of gross taxable income by the IRS e.g., charity donations. Bloomberg Financial Dictionary * * * deduction de‧duc‧tion [dɪˈdʌkʆn] noun [countable, uncountable] the process of taking away an amount from …   Financial and business terms

• Tax credit — The term tax credit describes two different concepts:*The first is a recognition of partial payment already made towards taxes due. *The second is a state benefit paid to employees through the tax system, which has the effect of increasing… …   Wikipedia

• tax credit — A direct dollar for dollar reduction in tax allowed for expenses such as child care and R&D for building low income housing. Compare tax deduction. Bloomberg Financial Dictionary Additional amount on dividends paid by a company resident in France …   Financial and business terms

• Tax exemption — A tax exemption is an exemption from all or certain taxes of a state or nation in which part of the taxes that would normally be collected from an individual or an organization are instead foregone.Normally a tax exemption is provided to an… …   Wikipedia

• deduction — [[t]dɪdʌ̱kʃ(ə)n[/t]] deductions 1) N COUNT: oft N about n A deduction is a conclusion that you have reached about something because of other things that you know to be true. It was a pretty astute deduction... My mother had consequently made her… …   English dictionary

• deduction — UK [dɪˈdʌkʃ(ə)n] / US noun Word forms deduction : singular deduction plural deductions 1) a) [countable] an amount or number taken from a total Italian workers pay far more in tax and other deductions. b) [uncountable] the process of taking an… …   English dictionary