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The amounts included as income, expenses, and other deductions vary by country or system. Many systems provide that some types of income are not taxable (sometimes called non-assessable income) and some expenditures not deductible in computing taxable income. [3] Some systems base tax on taxable income of the current period, and some on prior ...
Reciprocal insurance policies are typically nonassessable, keeping the policyholders from being charged an additional amount of money if required by the exchange. Reciprocals may issue assessable policies, though the practicalities of collecting assessments from members (particularly in personal lines) makes the assessable model less commonly used.
Net assessable value = 80% of Assessable value. HK property tax payable = Net assessment value X Property tax standard rate Assessable value = Rental income + Premium + (Rental bad debt recovered — Irrecoverable rent) – Rates paid by owner.
Web accessibility, or eAccessibility, [1] is the inclusive practice of ensuring there are no barriers that prevent interaction with, or access to, websites on the World Wide Web by people with physical disabilities, situational disabilities, and socio-economic restrictions on bandwidth and speed.
Countries do not necessarily use the same system of taxation for individuals and corporations. For example, France uses a residential system for individuals but a territorial system for corporations, [55] while Singapore does the opposite, [56] and Brunei taxes corporate but not personal income. [57]
Computer accessibility refers to the accessibility of a computer system to all people, regardless of disability type or severity of impairment. The term accessibility is most often used in reference to specialized hardware or software, or a combination of both, designed to enable the use of a computer by a person with a disability or impairment.
The definition of plant and machinery does not include any implement, utensil and article. Instead, they can be fully deductible for profits tax purpose on replacement basis (i.e. the initial purchase of which is not deductible) [17] [18] For assets purchased during that year of assessment, an initial allowance of 60% will be granted.
This is a reasonable deduction, while on the other hand, a high value of TAM is not necessarily a good sign, as the total available market does not mean the high degree of demand obtained. Some other factors, such as competition level in the market, accessibility of resources, etc. would also affect the performance of the company.