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Credit
In accounting, a credit is an entry that increases liabilities, equity, or revenue accounts and decreases asset or expense accounts. It’s also used in sales to refer to goods or services sold on payment terms. Every credit has a corresponding debit in double-entry bookkeeping.
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Concessional Contributions
Pre-tax superannuation contributions in Australia, including employer contributions, taxed at a concessional rate.
CGT (Capital Gains Tax) Discount
An Australian tax concession allowing individuals to reduce a capital gain by 50% if the asset was held for over…
CIS (Construction Industry Scheme)
A UK HMRC scheme requiring contractors to deduct tax from payments to subcontractors in the construction sector.
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