Difference between revisions of "Tax Reclaim Activity"

From Open Risk Manual
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== Definition ==
 
== Definition ==
'''Tax Reclaim Activity'''. We dont' have detailed information on what kinds of activities there are, but there may be a broad range of these. For instance, may be giving the issuer's location, or the rules for tax reclaims. Different rules exist. May set the rules on each action. For instance, It versus Fr, different rules. The CA notificaiton may be setting out the rules on each tax reclaim. Example: Aus: Issuer may make declaration to tax department, that securities are widely issued, this has some effect on withholding etc. Countries may have standing rules fo rreclaims, but may be special rules at an issue action level for large issue action. this would go out as a message (notification) using this message code. Similar to VAT in Canada - as an individual you pay VAT and reclaim it when you leave the country. Fill out a form etc. Then they send the VAT back. Conclusions: A general activity of Tax Reclaim - not formally modeled, just iterated here; notification which is the SWIFT message notoification type.
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'''Tax Reclaim Activity'''.  
  
  

Latest revision as of 11:23, 15 June 2021

Definition

Tax Reclaim Activity.


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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.