What is meant by Trade tax?
Trade tax is a tax levied on the profits of companies. It is a municipal tax and is levied by the municipalities. The amount of trade tax depends on the trade income of a company and can vary depending on the municipality. Trade tax is an important source of income for cities and municipalities and is used to finance local infrastructure and public services.
Typical features of software in the area of trade tax include:
- Trade Income Calculation: Calculation of the taxable trade income of a company, taking into account all relevant tax regulations and deductions.
- Tax Declaration: Support in the preparation and submission of the trade tax return in accordance with legal requirements and deadlines.
- Tax Prepayments: Management of tax prepayments and payments to ensure timely fulfillment of tax obligations.
- Tax Simulation: Conducting simulations to analyze the effects of different scenarios on the amount of trade tax.
- Compliance: Ensuring compliance with all legal provisions and regulations related to trade tax.