Tax Exemption
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items. Examples include exemption of charitable organizations from property taxes and income taxes, veterans, and certain cross-border or multi-jurisdictional scenarios. Tax exemption generally refers to a statutory exception to a general rule rather than the mere absence of taxation in particular circumstances, otherwise known as an exclusion. Tax exemption also refers to removal …
WikipediaPublications
IMF: International Monetary Fund · 18 July 2024 English
The economy contracted in 2023 due to high energy prices and interest rates. Headline inflation has fallen sharply as end-user energy prices have stabilized, but core inflation remains somewhat stickier, …
government recently cut an environmentally harmful tax exemption on diesel fuel in agriculture and forestry …
IMF: International Monetary Fund · 18 July 2024 English
Selected Issues
and Bretschneider (2021) estimate that this tax exemption costs the German government €8.4 billion a … and Bretschneider (2021) estimate that this tax exemption costs the German government €8.2 billion a … to emissions themselves. Measures € billion Tax exemption for kerosene fuel in the aviation industry 1/ …
World Bank Group · 15 July 2024 English
This manual is a contribution to the rich body of literature on tax expenditures and aim to inform policymakers and policy debates on tax expenditures reform. In doing so, it …
of countries surveyed Tax holidays / tax exemption Reduced tax rate Investment allowance / …
World Bank Group · 12 July 2024 English
The Iran Economic Monitor (IEM) provides an update on key economic developments and policies. It examines these economic developments and policies in a longer-term and global context and assesses their …
exempt from taxes, as well as raising the tax exemption threshold for busi- nesses in the upcoming year …
IDEAS: Institute for Democracy and Economic Affairs · 12 July 2024 English
The subsequent pandemic, the supply chain bottlenecks that followed, as well as the impact of the conflicts in Ukraine and the Middle East, have almost entirely upended our traditional understanding …
qualify for patents Up to 10 years of corporate tax exemption for advanced (28 nm) node fabrication lines …
NBER: National Bureau of Economic Research · 3 July 2024
potential for further tax reductions. After the Tax Reform Act of 1986 removed their special tax exemption, banks significantly reduced their holdings of tax-exempt debt, particularly among banks most …
EU: European Union · 27 June 2024 English
registration period for granting the ten-year tax exemption for purely electric vehicles The general challenge … sector. The measure consists of a ten-year tax exemption starting from the registration of an electric … registration period for granting the ten-year tax exemption for purely electric vehicles Milestone … period for e- vehicles to obtain the ten-year tax exemption has entered into force. 32 1.2.4 Extension … registration period for granting the ten-year tax exemption for purely electric vehicles Milestone …
EU: European Union · 27 June 2024 English
registration period for granting the ten-year tax exemption for purely electric vehicles 295 n/a** …
SPDC: Social Policy and Development Centre · 24 June 2024 English
Furthermore, except for the first slab, the upper and The tax strategy outlined in the Federal Budget in lower limits of the income brackets have been Brief emphasizes the government's …
indicates an estimated annual incremental tax exemption limit of Rs 1.2 million for income tax. This …
World Bank Group · 24 June 2024 English
exemptions processed through the automated tax exemption system (Percentage) Comments on achieving …
