Back taxes

 

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Back taxes

Due taxes that have not been paid on time.

Back taxes

Taxes that have not been paid on the due date or were underreported either by accident or by intention on a past tax return. The tax authorities can demand payment of back taxes plus the imposing of penalties and or interest.



Similar Matches

Earnings before interest, taxes, depreciation, and amortization (EBITDA)

Earnings before interest, taxes, depreciation, and amortization (EBITDA)

A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of interest and income taxes. Depreciation and amortization expenses are not included in the costs.


Earnings before taxes (EBT)

Earnings before taxes (EBT)

A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of income taxes.


Cash flow after interest and taxes

Cash flow after interest and taxes

Net income plus depreciation.


Local taxes

Local taxes

In the USA, taxes paid by an individual to a local state or county. These are deductible on the person's federal tax return. In the UK the nearest equivalent is the tax paid by houseowners to their local council (council tax). There is no tax relief on such payments but reductions can be claimed from the local council in cases where houseowners receive low income.


Section 352 of the Income and Corporation Taxes Act 1988

Section 352 of the Income and Corporation Taxes Act 1988

See 'certificate of deduction of tax'.


Further Suggestions

Local taxes
Earnings before interest, taxes, and depreciation (EBITD)
Asymmetric taxes
excise taxes
Earnings before interest and, taxes (EBIT)
Earnings before interest after taxes (EBIAT)


 
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