The concept of tax-deductible expenses for CIT purposes
Tax-deductible expenses fall into two categories: expenses incurred to generate revenue and expenses incurred to preserve or safeguard a source of revenue.…
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Articles, analysis and commentary on law and taxation.
The concept of income for PIT purposes
The principal provision governing the recognition of income for personal income tax purposes is Article 11(1) of the PIT Act. It sets out a…
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