What Are VAT and GST? If you’re wondering what is VAT/GST, both refer to types of consumption taxes applied to goods and services. VAT stands for Value Added Tax, while GST stands for Goods and Services Tax. GST meaning and what GST stands for If you’ve ever googled “what is GST mean”, the short answer is: GST stands for Goods and Services Tax. The GST meaning is simply that it’s a type of value-added tax used by many countries. It was designed as a single tax to replace mult

Understanding ESG Compliance ESG compliance meaning and definition So, by googling “ESG compliance meaning”, what are everyone talking about? Is it just a formality, or a real effort to do the right thing day by day? At its core, ESG compliance means following environmental, social, and governance standards in everything a business does. Strong ESG and compliance programs turn values into habits, such as reducing waste, treating people fairly, and keeping leadership accounta

Tax Haven Definition and Meaning A tax haven definition is often perceived like something suspicious or even illegal. But in the modern world, this concept is much more complicated and significant than it can look at first glance. Tax haven countries are usually very well-developed places that help different types of businesses lower their tax bills through overseas tax planning. What is a tax haven in simple terms Basically the tax haven meaning refers to a place with low ta

So, what does AGM mean? In the corporate arena, knowing it isn’t just theory — it is an essential part of business. The Annual General Meeting (AGM) is the yearly «roll call», when shareholders and directors gather to discuss results and future direction. The question of “what is an AGM?” often comes up — and answers go far beyond a simple yearly meeting. AGM Meaning and Definition The AGM meaning goes beyond mere procedure — it’s the foundation of corporate integrity. By law

This article provides a clear explanation of letters of credit in simple terms. Understanding Letters of Credit What is a letter of credit from a bank? If you’re wondering what is the meaning of letter of credit, it’s a financial guarantee from a bank. A letter of credit (LC) is a bank’s written undertaking to pay the seller upon presentation of documents that comply with the LC terms. In simple terms, it’s a secure method of payment used in global trade. This shifts the risk