Tax return

[3] A person or organization may not be required to file a tax return depending on circumstances, which are different in each country.

Many governments utilize electronic filling and payment systems that keep a record of a person's history of tax returns and refunds.

Another notable change in recent years is that government bodies share the data with each other.

[7] The length of the completion of a tax return depends on the country, but the world average is almost 232 hours.

Income consists of the sources of a citizen's revenue, excluding items which are exempt from tax by law.

Wages, salaries, income from retirement plans, dividends, interest and capital gains or losses should be considered as a source of revenue.

Deductions are items that are subtracted from taxable income, thereby reducing the tax liability.

It is a tool that reports and provides information about the additional calculations and other amounts stated in the tax return.

German tax forms
Tax schedule used to report capital gains in the USA