Credit, Foreign Tax

Credit, Foreign Tax,

Definition of Credit, Foreign Tax:

A way to eliminate international double taxation. If foreign income is taxed in the host country, any foreign tax on that income can be deducted from the national tax on that income. The theory states that the domestic and foreign income of a legal entity is subject to the same tax amount, in which the credit is usually limited to the amount of the domestic tax. Does not delay .

Literal Meanings of Credit, Foreign Tax


Meanings of Credit:
  1. Publicly recognizing someone as a production participant (something that has been published or broadcast)

  2. Add to the account (amount of money).

  3. Belief (no wonder or impossible)

  4. Consumer's ability to receive goods or services prior to payment based on the belief that payment will be made in the future.

  5. An entry that records the amount received, to the right or in the Accounts column.

  6. Public acknowledgment or appreciation, usually given or received when someone's responsibility for an action or idea becomes clear.

  7. Completion of the course or confirmation of the student's activity, which will be given to the title or diploma listed in the school register.

  8. The quality is reliable or credited.

Sentences of Credit
  1. The script is attributed to an American author and two Japanese authors

  2. You may not believe it but it is true

  3. Would definitely like to add columns. And the total expenses are equal to the total credit

  4. The president claims all the success for himself

  5. Cicero's abstract philosophy lost its popularity

Synonyms of Credit

plausibility, reliability, financial status, rely on, approbation, respect, believe, praise, acknowledgement, ascribe, solvency, acclaim, accredit, have faith in, accept, esteem, impute, credibility, recognition, chalk up, have confidence in


Meanings of Foreign:
  1. From a country or a language other than your own, from, or their feature.

Sentences of Foreign
  1. Foreign language

  2. I think it's very strange to you

Synonyms of Foreign

queer, outside, unheard of, exotic, far flung, external, strange, far off, odd, weird, outlandish, remote, unknown, funny, distant, curious, bizarre, alien, peculiar, overseas


Meanings of Tax:
  1. Tax (on something else)

  2. High demands (power or resources)

  3. Fight a crime or offense against someone.

  4. Search and rate (file rate)

  5. Mandatory government income tax, which is levied by the government on employees' income and company profits, or is included in the price of certain goods, services and transactions.

  6. One type or more demand.

Sentences of Tax
  1. Hardware and software are taxed at 7.5%

  2. He knew that the next test would test his full strength.

  3. Why are you making these unreasonable accusations against me?

  4. Government employees who collect expenditure accounts

  5. Higher taxes will reduce consumer spending

  6. Readers' attention more

Synonyms of Tax

tariff, contribution, tithe, demand a tax on, denounce, confront, charge duty on, burden, impose a toll on, tribute, stress, imposition, accuse, load, make demands on, exact a tax on, encumbrance, drain, demand, weigh down, weight, levy, duty, stretch, condemn