14.06.2018
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Corporate tax treatment of bad debt incurred before 2018 (1/24/18)

Tax CIT
This article offers an interpretation of the Corporate Income Tax (CIT) Act stating that where a bad debt incurred before 2018 is written off and deducted from taxable income, the company should meet requirements laid down by section 9 of the CIT Act. However, those requirements don’t apply to bad debts incurred before 2018 that are written off without reducing the company’s tax base.

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