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The Multimedia Super Corridor is a government-designated zone in designed to leapfrog Malaysia into the information and knowledge age. It aims to attract companies with temporary tax breaks and facilities such as high-speed Internet access and proximity to the Kuala Lumpur International Airport . MSC Malaysia covers an area of approximately 15 ...
Taxation. 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 ...
Managed service companies (MSC) differ from personal service companies (PSC) as the MSC manages and controls the affairs of the business, not the contractor. The 2007 Budget legislated against MSCs by removing the associated tax advantages for contractors working through them. Before the government's action, there were several varieties of a ...
Tax collection is a necessary part of funding various government programs and services, but there are legal ways to avoid it. Some types of businesses and other organizations are tax-exempt, for...
e. Founded in 1904, the Association of Chartered Certified Accountants ( ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwide. ACCA's headquarters are in London with principal administrative office in Glasgow.
Standard deduction: Single taxpayers are eligible for a $12,550 deduction for the 2021 tax year and a $12,950 deduction for the 2022 tax year. Married Filing Jointly
501 (c) (3) organization. A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [1] in the US.
Form 990 (officially, the " Return of Organization Exempt From Income Tax " [1]) is a United States Internal Revenue Service (IRS) form that provides the public with information about a nonprofit organization. [2] It is also used by government agencies to prevent organizations from abusing their tax-exempt status. [3]