Effective tax rate and Regional Comprehensive Economic Partnership: Difference between pages

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(ETR).
''International trade - free trade agreements''.


An accounting measure, calculated by dividing the net tax charge reported in the income statement by the related profit before tax.
(RCEP).


The effective tax rate will usually differ from the standard corporate rate of tax.


The RCEP is a free trade agreement signed in November 2020 between:


The quantified explanation of the differences between the effective tax rate and the standard corporate rate of tax is known as a tax reconciliation statement.
*Australia
*Brunei
*Cambodia
*China
*Indonesia
*Japan
*Laos
*Malaysia
*Myanmar
*New Zealand
*The Philippines
*Singapore
*South Korea
*Thailand and
*Vietnam


(Often abbreviated to 'tax rec'.)


==See also==
*[[ASEAN]]
*[[Comprehensive Economic and Trade Agreement]]
*[[Customs union]]
*[[European Economic Area]]
*[[European Free Trade Association]]
*[[Free trade]]
*[[Free trade agreement]]
*[[International trade]]
*[[North American Free Trade Agreement]]
*[[Tariff]]
*[[Trade]]
*[[Trans-Pacific Partnership]]
*[[United States Trade Representative]]


== See also ==
* [[FRS 19]]
* [[Income statement]]
* [[Profit before interest and tax]]
* [[Tax reconciliation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 13:18, 11 April 2021

International trade - free trade agreements.

(RCEP).


The RCEP is a free trade agreement signed in November 2020 between:

  • Australia
  • Brunei
  • Cambodia
  • China
  • Indonesia
  • Japan
  • Laos
  • Malaysia
  • Myanmar
  • New Zealand
  • The Philippines
  • Singapore
  • South Korea
  • Thailand and
  • Vietnam


See also