Tangible Assets

Physical assets such as plant, machinery, factories, and offices.

Tax Avoidance

Lawful agreement or re-arrangement of the affairs of an individual or company intended to avoid liability to tax.

Tax Evasion

Fraudulent or illegal arrangements made with the intention of evading tax, e. g. by failure to make full disclosure to the revenue authorities.

Tax Haven

An international banking and financial centre providing privacy and tax benefits.

Tax Incentives

Tax benefits. Most tax incentive measures fall into one or more of the following categories: tax exemption (tax holiday); deduction from the taxable base; reduction in the rate of tax; tax deferment, etc.

Term Loan

A loan intended for medium-term or long-term financing to supply cash to purchase fixed assets such as machinery, land or buildings or to renovate business premises.

Tier 1 Capital

Refers to core capital consisting of Capital, Statutory Reserves, Revenue and other reserves, Capital Reserves (excluding Revaluation Reserves) and unallocated surplus/profit but excluding accumulated losses, investments in subsidiaries and other intangible assets

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