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Taxable Year

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Taxable year
The 12-month period an individual uses to report income for income tax purposes. For most individuals, their tax year is the calendar year.

Tax Year
The year during which one's taxable income is considered. That is, the tax year is any 12-month period during which a government calculates one's tax liability. Normally, this is simply the calendar year, but it may also be a fiscal year.


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federal income tax purposes, commencing with its taxable year ending December 31, 2010.
The new law, which was gazetted in June will also introduce an annual 90 day threshold in aggregate for any given taxable year before a foreign company conducting business in Oman is deemed to create a taxable presence.
The acquisition debt or the home equity debt must be secured by the principal residence of the taxpayer, or one other residence of the taxpayer used as a residence and selected by the taxpayer for the taxable year.
 
 
 
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