Claims and elections: Difference between revisions
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Sometimes they apply automatically, but in some cases it may be necessary to file a formal election or claim with the tax authority to use a more beneficial tax rule. | Sometimes they apply automatically, but in some cases it may be necessary to file a formal election or claim with the tax authority to use a more beneficial tax rule. | ||
Tax claims and elections often have to be made in real time, i.e. before the tax computations are filed, so the organisation's tax specialists need high quality information at the time transactions are being planned and completed and not only at year end. | Tax claims and elections often have to be made in real time, i.e. before the tax computations are filed, so the organisation's tax specialists need high quality information at the time transactions are being planned and completed and not only at year end. | ||
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== See also == | == See also == | ||
* [[Tax]] | |||
* [[Tax computation]] | * [[Tax computation]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 07:23, 6 July 2022
Tax.
National tax regimes often contain alternative rules, to help taxpayers to achieve the most tax efficient outcomes.
Sometimes they apply automatically, but in some cases it may be necessary to file a formal election or claim with the tax authority to use a more beneficial tax rule.
Tax claims and elections often have to be made in real time, i.e. before the tax computations are filed, so the organisation's tax specialists need high quality information at the time transactions are being planned and completed and not only at year end.
