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Collection of income tax, company tax etc. where tax is collected as an amount every time a person or institution removes money from a bank account, which is much simpler than the existing arrangement
Collection of income tax, company tax etc. where tax is collected as an amount every time a person or institution removes money from a bank account, which is much simpler than the existing arrangement
Tax collection method in which incomes tax and wages taxes are reduced to a single tax in which a computer program is used by financial institutions such as banks to collect tax according to tax rules incorporated in the programs, whereby each time money is withdrawn from an account a tax value is collected and transferred to the treasury.
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