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Home > QFINANCE Dictionary > Definition of tax payable

Definition of

tax payable


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

Recommended Further Reading (Term count)
  • How Taxation Impacts on Liquidity Management
    by Martin O’Donovan
    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...
tax payable - Related Articles
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  • How Taxation Impacts on Liquidity Management

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    In the UK a new debt cap takes effect for accounting periods beginning on or after 1 January 2010, running in parallel with the arm's length principle. The debt cap applies to limit the tax deduction for finance expense payable by UK group companies by reference to the consolidated worldwide gross
    By Martin O’Donovan


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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