exemption from tax

См. также в других словарях:

• exemption from taxation — In the broad sense, all property not taxed; in a narrower sense, the grant of immunity, express or implied, to particular persons or corporations, or to persons or corporations of a particular class, from a tax upon property or an excise which… …   Ballentine's law dictionary

• exemption from income tax — A fixed amount allowed by statute to the taxpayer for himself, spouse, and dependents against net income in determining taxable income; income of a certain nature, such as interest on certain bonds, rendered not subject to income tax by statute… …   Ballentine's law dictionary

• special exemption from taxation — An exemption from taxation granted to a particular class of persons, such as veterans, old persons, or persons of limited means without earning power. Eyers Woolen Co. v Gilsum, 84 NH 1, 64 ALR 1196, 146 A 511. An exemption from taxation granted… …   Ballentine's law dictionary

• exemption — noun ADJECTIVE ▪ complete, full, total ▪ blanket ▪ The bill gives sensitive police files a blanket exemption. ▪ partial ▪ …   Collocations dictionary

• exemption — /ɪg zempʃ(ə)n/ noun the act of exempting something from a contract or from a tax ♦ exemption from tax or tax exemption the fact of being free from having to pay tax ● As a non profit making organisation you can claim tax exemption …   Dictionary of banking and finance

• exemption — ex·emp·tion /ig zemp shən/ n 1: the act of exempting or state of being exempt 2: one that exempts or is exempted: as a: an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws see also… …   Law dictionary

• tax exemption — tax exempt tax exempt 2 adjective TAX 1. tax exempt investments, savings, income etc are not taxed: • a tax exempt savings account • issuers of tax exempt bonds 2. an organization that is tax exempt does not have to pay ta …   Financial and business terms

• Tax-free shopping — refers to the opportunity for customers to purchase goods or services without paying any tax normally collected at retail, such as sales tax, Goods and Services Tax, value added tax, or consumption tax.Tax free shopping in the United StatesTax… …   Wikipedia

• Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… …   Wikipedia

• exemption trust — A bypass trust funded with an amount no larger than the personal federal estate tax exemption for the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property… …   Law dictionary

• Tax system in China — Taxes provide the most important revenue source for the Government of the People s Republic of China. As the most important source of fiscal revenue, tax is a key economic player of macro economic regulation, and greatly affects China s economic… …   Wikipedia