Tax and Taxation
Tax is a compulsory, individual, and non-refundable payment transferred to the state and local budgets by taxpayers from their property funds to financially support the activities of the state and municipalities.
Tax reports must be prepared and submitted correctly every year. This is important for business owners’ financial planning and productivity. Since tax regulations are regularly updated, professional financial services—such as those provided by Abacus Audit—can be crucial. Abacus Audit offers services to effectively manage your tax reports and financial operations.
Some types of taxes include:
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Personal Income Tax: A tax calculated on an individual’s income, such as salary, undocumented income, and additional earnings, which must be paid to the state.
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Corporate Profit Tax: A tax that legal entities, such as enterprises and organizations not owned by municipalities, must pay on their income.
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Simplified Tax: A taxation regime that simplifies tax reporting and payments, especially applied to small and medium-sized businesses.
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Value Added Tax (VAT): A government tax added to the value of goods produced or sold by enterprises or individuals.
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Excise Taxes: Government taxes that enterprises and individuals must pay when purchasing or selling certain goods.
If you want to gain deeper knowledge about taxes and properly manage your finances, it is advisable to use professional assistance. Abacus Audit can help you fulfill your tax obligations and manage your financial responsibilities with their professional financial services.