Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Tax Reforms
Changes to tax policies aimed at improving efficiency, fairness, or revenue collection.
Sovereign Net Foreign Assets (SNFA)
A measure of a country's international financial position, indicating the value of its foreign assets minus its foreign liabilities.
Tangible Assets
Assets that have a physical form or substance. Tangible assets include both fixed assets, such as machinery, buildings, and land, and current assets, such as inventory of goods and crops.
Supply Chain Disruption
Interruptions in the flow of goods and services due to external factors.
Reevaluation
A process through which the estimated value of assets including properties, economic facilities, machinery, equipment, or any movable property, except securities, is updated based on a specific valuation standard and for a specific purpose.
Objection
A formal procedure made to the relevant committee or judicial body by a taxable person to an assessment or decision issued by the authority.
Incident Closure
The final step in the incident management process, indicating that the incident has been satisfactorily resolved and closed.
Releasing
Taking the excise goods out of the suspended status to the taxation status, and from the tax depository to the markets to be available for customers.
Green Economy
An economic system focused on sustainability and reducing environmental impact.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit decreasing as the size of the operation grows.
Circular Economy
An economic model that minimizes waste by reusing, repairing, and recycling resources.
Circular Carbon Economy
A sustainable economic model that focuses on reducing, reusing, recycling, and recovering carbon to minimize environmental impact.
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