Taxable transaction

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Taxable transaction

Any transaction that is not tax-free to the parties involved, such as a taxable acquisition.

Taxable Transaction

A transaction that results in one receiving income that may be taxed. Common taxable transactions are the reception of a paycheck or the sale of stock for a profit. Often, investors wait to sell securities until a certain time (such as a new calendar year) in order to minimize the taxable transactions that occur in a given period of time.
References in periodicals archive ?
6, dated 30.01.2015 "On Value Added Tax in the Republic of Albania", as amended, the taxable person has the right to deduct from the VAT calculated for taxable transactions, VAT paid or to be paid, was paid on import for imported goods, in order to carry out taxable transactions with the right deduction.
However, in such cases, the accused were found to have not disclosed their taxable transactions. Our situation is different."
Both the sale of KLX/ASG to Boeing for cash and the spin-off of ESG are expected to be taxable transactions to KLX shareholders.
The AUE Federal Tax Authority (FTA) has reiterated its call for all registered businesses to collect Value Added Tax (VAT) and excise tax on all taxable transactions and from all costumers.
The Federal Tax Authority (FTA) has reiterated its call for all registered businesses to collect Value Added Tax (VAT) and Excise Tax on all taxable transactions and from all costumers, cautioning against excepting any individual or organisation that does not fall under one of the excepted categories specified in the UAE tax laws.
The FTA said on Sunday it has reiterated its call for all registered businesses to collect VAT and excise tax on all taxable transactions and from all customers.
Abu Dhabi: The Federal Tax Authority (FTA) said on Sunday it has reiterated its call for all registered businesses to collect value-added tax (VAT) and excise tax on all taxable transactions and from all customers.
The Federal Tax Authority (FTA) has reiterated its call for all registered businesses to collect Value Added Tax (VAT) and Excise Tax on all taxable transactions and from all customers, cautioning against exempting any individual or organisation that does not fall under one of the exempted categories specified in the UAE tax laws.
generating taxable transactions. If the philosophy underlying these
Auditors are looking to confirm that sales tax was paid on all taxable transactions or that the taxpayer self-assessed use tax if appropriate.
This will generate additional tax revenue for the government's exchequer by broadening the tax base and ensuring full coverage of all the taxable transactions in securities market while attracting foreign portfolio investment in the country.
Use tax, the "pay me later" tax, is required to be remitted by the purchaser for taxable transactions where the seller did not charge sales tax (i.e., internet sales).