assessment ??? 19:06 Dec 20, 2009
assessment on the basis of estimated income; taxation implemented through estimation because a taxpayer has not submitted a tax return or there is reason to suspect the accuracy of the tax return submitted.
taxation,
assessment ( narrower concept )
legal procedure for determining, debiting, collecting, and, where necessary, adjusting tax.
The term “taxation” is sometimes used in a narrower sense to refer exclusively to the calculation and assessment of taxes. In general usage, it often refers to the total amount of taxes and payments collected by the public sector (e.g., “taxation is easing / getting
tighter”).
Preassessment:
form of collection of tax to be prepaid in which the taxpayer him-/herself
sees to payment of the tax due.
Preassessment is applied to business income and agricultural income. |