Definition of tax credit

The concept of tax credit has several meanings, generally associated with different countries. He may appoint, for example, the possibility that a company has to reduce the taxes it pays in his country through those she paid to a foreign Government following a anykind of international trade. On the other hand, the tax credit is the amount a company has paid as taxes by acquiring a product or property that may be deducted in the State when a resale. For example: A trade buys a DVD player at 125 euros, whose 25 correspond to taxes. The next day, the merchant sells this equipment to a final consumer to 250 euros (of which 50 are intended for taxes). At the time of his contributions to the State, the merchant will pay 25 euros of taxes for these transactions, given that the other 25 can be taken into account by the tax credit by virtue of being an original purchase.
In other words, there are instead of saying that the tax credit is a sum of money in favour of the taxpayer. When determining the dependent requirement, the taxpayer may deduct the tax debit (debt) to calculate the amount payable to the State.
The Government may instrument various programmes under the tax credit (which, in all cases, will be a sum of money in favour of the taxpayer, whether a company or a person). Some plans allow the taxpayer to use the tax credit to pay for training plans; in this case, the money reverts to the State, but the taxpayer receives more services.