A creditor is someone who has lent money to another party. A creditor is a creditor. This means that it has a lien on someone else, who has thus lent money to someone. The person who has borrowed the money is called the debtor. A creditor can also be someone who has sold an item but has not been paid. A creditor does not have to be a natural person.

A creditor in most financial cases is not a natural person but, for example, a bank. The bank lends money to a person, who is then called the debtor, and they agree on an agreement for when and how the money is to be repaid. Creditor and guarantor are not the same thing. In some cases, one can see that creditor and guarantor are considered synonyms.

The difference between the two, however, is that a guarantor undertakes a debt that a debtor cannot pay and is then responsible for repayment of the loan, while a creditor is the one who lends the money and expects repayment. A creditor can also require a debtor to provide a guarantor to ensure that the money is repaid if the debtor’s ability to pay is uncertain.

Income declaration is the name of the forms submitted to the Tax Agency. Both private individuals and various types of companies and associations submit an income tax return every year. The basis for the tax itself is called assessment and the tax on the assessment is called debiting. Self-declaration and income declaration are the same thing and are often referred to as declaration. The only difference is that the income tax return is called Self-declaration in the tax legislation. The fact that the form that is submitted to the Tax Agency is precisely called Income Declaration means that this term is much more commonly used.

A preliminary income declaration serves as a basis for the charged preliminary tax. A preliminary income declaration must be submitted if you apply for F-tax, or if you already have F-tax or SA-tax and estimate that your income will increase during the year. Namely, it is a standard value that otherwise determines which tax will prevail during the year. By providing an estimate of income in advance, the risk of a large difference between the estimated tax for the tax year and the actual tax for the tax year is reduced.