Sentences with phrase «taxation purposes»

"Taxation purposes" refers to the specific reasons or objectives for which taxes are collected by the government. It simply means that something is done or calculated for the purpose of determining the amount of tax that needs to be paid by individuals or businesses. Full definition
It has been reported that the agency is in conversation with the biggest international technology companies for finding out an effective method of tracking cryptocurrency trading for taxation purposes in the country.
If I buy a home for my special needs sister to live in free of charge, is this a gift for taxation purposes since $ 0 is under fair market value?
Independent contractors are also allowed to deduct business - related expenses for taxation purposes.
The criteria of long term capital gain are different for equity and debt instruments for taxation purpose in India.
Your Social Insurance Number (SIN) is a 9 - digit number issued by the Government of Canada and is required for Canadian taxation purposes.
Essentially a life insurance contract which becomes a MEC is treated like a non qualified annuity by the IRS for taxation purposes prior to the insured persons passing.
An accurate estimate of the land component of residential real estate can provide useful information when appraising properties, either for sale or for real estate taxation purposes.
Equity Index Funds & Equity ETFs are treated as regular Equity oriented funds for taxation purposes.
So going with a family unit for taxation purposes would solve a lot of these «inequities».
Marriage is fundamentally about what the government allows as a benefit towards a couple for taxation purposes.
Although deemed a business for taxation purposes, we still consider KopTalk ® a hobby: a fun and informative place for Liverpool fans to stay in touch with events at Anfield.
Photocopying may be easy enough to master, but how about revising a business plan, writing technical documents for regulatory or taxation purposes, preparing a cash - flow summary for your project, assisting with an audit, or coordinating with a space planner and contractors in order to design and build the company's corporate headquarters and laboratory space?
As a publisher, not an author, receiving payment of «royalties» from ebook aggregators is incorrect for taxation purposes.
If the employee is an Australian resident for taxation purposes, $ 18,200 of their yearly income is not taxed.
So going with a family unit for taxation purposes would solve a lot of these «inequities».
It is treated like a Debt fund for taxation purposes, so Long term capital gains tax rate @ 20 % (with indexation) is applicable.
The US revenue department has however subdivided income into three major categories essential for taxation purposes.
While you will have to fill out personal information for taxation purposes, and you'll have to prove some things about your driving record, there are a few things you won't have to do.
But if your STP horizon is > 12 months, arbitrage funds can be a bit tax efficient ones, as they are treated as Equity fund for taxation purposes and also the STCG tax rate is 15 % (assuming tax assess is in 20/30 % tax slab).
Tax impact: A switch transaction is considered as a sell and a buy for taxation purpose.
Dear Manja, Yes, STCG tax rate is 15 % for Arbitrage funds as they are classified as Equity funds for the taxation purposes.
All increases in value would be taxed, and assets where the increase can't be measured would assume a 15 % annual return for taxation purposes, with a true - up at the sale of the asset.
Only sign a business purpose declaration if you are really using the leased item for business and are able to claim your lease payments as a valid business expense for taxation purposes.
You are required by law to report family net income for taxation purposes.
It seems rather clear cut, but I did purchase these securities while I was a resident and citizen for taxation purposes.
I choose to do this because it preserves the breed's heritage, they were originally docked to show they were a working dog for taxation purposes.
Source: California Energy Commission Note: BOE tracks all gasoline and diesel sales in California for taxation purposes, but accounts for those sales at the finished fuel terminal level where taxation first occurs.
The SCC will review whether the appeal court decision significantly modifies how a significant number of goods are classified for taxation purposes.
This «S - election» will cause the corporation to be treated as a «flow through» entity for taxation purposes — allowing the owners to be taxed at the individual level only.
The general rule is that such settlements are generally viewed as «compensation» and not «income» for taxation purposes.
It is important for taxation purposes, and is a precondition for enforcing unpaid debts in court, but not much more.
For taxation purposes, the policy can be used to claim a deduction on business taxes under the category of business expenses.
The grey market makes it more difficult to track revenues for taxation purposes, contributes to a public safety threat as cash intensive businesses are often targets for criminal activity, and prevents proper tracking of large swaths of finances across the nation.
Gray added that Hashchain seeks to provide a solution for a huge problem currently faced in the crypto community, which is the obstacle of efficiently reporting cryptocurrency holdings for taxation purposes.
It is also interesting to note that the government classifies Bitcoin as a digital «property» for taxation purposes, but as digital «money» for regulatory and licensing purposes.
A receipt for taxation purposes will be emailed to you directly from National Australia Bank.
The Finance Bill will allow for civil partners to be treated the same as married couples for taxation purposes, including income tax, stamp duty, capital acquisitions tax, capital gains tax and VAT.
Preparing for a sale is different from your year - end financials prepared for taxation purposes.
If the Seller is a foreign person for taxation purposes, then in addition to checking the appropriate box in this paragraph, the seller will have to complete the FIRPTA Addendum — K1370 d. Wood Destroying Insect Inspection.
This paragraph was added to the contract to handle circumstances under which the seller is a foreign person for taxation purposes and thus subject to FIRPTA.
There shouldn't be any tax implications for using the LLC as opposed to doing things without a corporate entity because your single member LLC would be a disregarded entity for taxation purposes.
Starting with the 2015 tax year, the Limited Property Value is the only value considered for taxation purposes, the Full Cash Value is no longer used for taxation.
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