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 and, taxes (EBIT)

Earnings before interest and, taxes (EBIT)

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.


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.


Local taxes

Local taxes

Property, sewer, school, or other community paid to a locality. Local taxes are usually deductible for federal income tax purposes.


Asymmetric taxes

Asymmetric taxes

When participants in a transaction have different net tax rates.


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.


Further Suggestions

Earnings before interest after taxes (EBIAT)
local taxes
excise taxes
Cash flow after interest and taxes
Earnings before interest, taxes, and depreciation (EBITD)
Section 352 of the Income and Corporation Taxes Act 1988


 
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