TAX REGIME
Tax Regime
A tax regime refers to the set of rules and structures that dictate how taxes are levied on individuals and businesses. It outlines types, rates, and applicable deductions.
Deciding which regime to opt for involves considering:
- Exemptions: Specific types of income not subject to taxation.
- Deductions: Expenses or investments that reduce taxable income.
- Taxpayers benefit differently based on financial profiles and investment strategies.