What is WCT? WCT refers to Works Contract Tax. It is the taxable rate based on your works contract which is agreed upon between two participating parties, the contractor and contractee. It is vital to&hellip
Tagged By taxation
What is HST in British Columbia?
What is HST in British Columbia? HST stands for Harmonized Sales Tax. It is a new taxation law in the province of British Columbia in Canada. It took effect on July 1, 2010 and it&hellip
What is Federal Income Tax?
What is Federal Income Tax? Federal income tax refers to the tax system by the US IRS or Internal Revenue Service. Taxes are computed based on a person’s earnings for a particular year or fiscal&hellip
What is Inheritance Tax?
What is Inheritance Tax? The main source of revenue for the government is through taxation. There are many different kinds of taxes that have to be paid and which enable governments provide services. Inheritance tax&hellip
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