Hoofdstuk 8 Taxes Flashcards
(12 cards)
Tariffs
Tax paid on goods imported from another country.
deductible expenses
Are expenses that you can subtract from your income to lower the amount tax that you have to pay.
Capital gains tax
Capital gains tax is the tax you pay on the profit you make from selling an asset that has gone up in value over time.
Civil servants
Capital gains tax is the tax you pay on the profit you make from selling an asset that has gone up in value over time.
Supply chain
A supply chain is the whole process of making and delivering a product—from getting raw materials all the way to the product reaching the customer.
VAY (Value Added Tax)
It’s a tax added to the price of most goods and services you buy.
Inheritance tax / death duties
It’s basically the tax you have to pay when you receive money or assets from someone who has passed away
tax avoidance
trying not to pay tax (legal)
tax bracket
Tells you what amount of tax you pay based of your income
tax evasion
trying not to pay tax (illegal)
tax exempt
When you don’t have to pay tax on a certain income.
tax exile
someone who lives in in another country for tax reasons
