Exempt Organizations
Some governments grant broad exclusions from all taxation for certain types of organization. The exclusions may be restricted to entities having various characteristics. The exclusions may be inherent in definitions or restrictions outside the tax law itself.
Read more about this topic: Tax Exemption
Famous quotes containing the word exempt:
“To be exempt from the Passions with which others are tormented, is the only pleasing Solitude.”
—Richard Steele (1672–1729)