Taxation and Statutory Compliance is related to making sure you are acting inside the law and meeting all your obligations. These obligations vary depending on your personal situation, but the fact remains the same; compliance is key
Taxation is a fundamental component of any modern society, serving as a crucial source of government revenue and a mechanism for redistributing wealth. Taxes are levied on individuals, businesses, and various economic activities to support public services and projects. This comprehensive guide provides an overview of taxation, including its types, purpose, and significance. Income tax is a tax imposed on an individual’s or business’s earnings, typically calculated as a percentage of their income. It is a major source of government revenue and is used to fund a wide range of public services.
