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Reporting adjustment for credit note on corporate tax return 2/38/23

We have written before about situations that could have taxpayers confused about the right period for including non-business expenses in the taxable base on the corporate income tax (CIT) return. To pick up where we left off, let’s now explore how and when the company should respond if its non-business expenses have been included in the taxable base but a credit note has arrived for those expenses.

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