Teller-vote – in some legal systems this term refers to the non-anonymous voting by the members of the Parliament. . In other words, this is the opposite of secret voting. Such voting is expression of the moral liability which every…

Taxable person – Per the provisions of the Tax Law this is person who owns assets and is obliged towards the municipality or the government to pay taxes for these assets. Such taxes could be annual property tax, garbage disposal…

Tax purchaser – this legal term refers to the figure of a buyer on public auction of assets for unpaid taxes by the debtor. Tax purchasers bid on the auction and the one who placed the biggest bid wins.

Tax point – this is the date of deal where VAT arises. In practice, when selling a property and making a profit out of it, the tax point is the date of sale. See also “Pretaxable income” See also “Value-added…