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Home > QFINANCE Dictionary > Definition of tax payable

Definition of

tax payable

Tax

how much tax is due the amount of tax a person or company has to pay

Recommended Further Reading (Term count)
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    Taxation is highly dependent on the specifics of the companies concerned and the tax jurisdictions to which they are subject. Nonetheless, there are sufficient structural similarities between countries so that background generalizations can be made, although the specific rules and tax rates vary over time and will need to be verified with local tax experts.Tax is initially assessed on the basis of each legal entity in isolation, but various...
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Definitions of ’tax payable’ and meaning of ’tax payable’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’tax payable’ and other financial terms with our online QFINANCE Financial Dictionary.

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