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Self-Assessment |
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Self-Assessment In taxation, any system that allows the individual taxpayer to determine how much he/she owes in taxes. In a self-assessment, the taxpayer declares his/her income, makes deductions and credits, and arrives at the amount owed. A self-assessment is subject to review (and perhaps an audit) by the tax authorities. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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