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Corporate tax refers to the tax levied on the profits earned by companies and businesses. It's a key aspect of a company's financial planning, and staying compliant with corporate tax laws is crucial for avoiding penalties and ensuring financial efficiency.
VAT is a consumption tax that is added to the price of goods and services at each stage of production or distribution. It’s typically charged by businesses and paid by consumers. Managing VAT can be complex as it requires accurate tracking of inputs and outputs.
Accounting is the process of recording, classifying, and summarizing financial transactions to provide insights into the financial health of a business. It includes services that help businesses manage their finances effectively and make informed decisions.