A company’s tax provision has two parts:current income tax expenseanddeferred income tax expense. To make things more complicated, most accounting departments useGenerally Accepted Accounting Principles (GAAP)to calculate their financial position. GAAP procedures differ in important ways from income tax...
aThis information is furnished under the provisions of our income tax agreement. Its use and disclosure must be governed by the provisions contained therein. 这信息被装备在我们的所得税协议之下供应。 必须由从容的供应治理它的用途和透露在其中。 [translate] ...
a\"Enterprise income tax law\" provisions of article forty-seventh, Enterprises to implement other arrangement without reasonable business objectives to reduce the taxable revenue or income, The tax authorities shall have the right to adjust in accordance with reasonable methods. This provision is rec...
Tax and provisions The way a provision is handled for tax purposes depends on whether it is a general provision or a specific provision. A general provision is not allowed as a tax deduction. A specific provision - in which specific debts are identified - is allowed as a tax deduction if...
aThe Company has exposure to income taxes in numerous jurisdictions. Significant judgment is involved in determining the Company’s provision for income taxes. There are certain transactions and computations for which the ultimate tax determination is uncertain during the ordinary course of business. The...
The tax code typically encourages Americans to save for retirement. It also gives employers incentives to set up retirement plans for their workers. One way it does this is by offering tax credits to offset some of the costs of setting up a retirement pl
The Tax Reform Act of 1986 changed many provisions in the Internal Revenue Code. One of the most notable was the elimination of the personal interest deduction. Prior to this, you could deduct all credit card interest payments, regardless of what you purchased. Ways to avoid nondeducti...
Comments on the European Court of Justice's decision in the Athenian Breweries case wherein the Court found that a Greek provision constitutes a withholding tax within the meaning of the European Commission Parent-Subsidiary Directive. Background on the Greek income tax law; Facts of the case; ...
For those with tax-planning strategies that include leaving money to beneficiaries, the SECURE Act may impact you, too. The law removed the stretch provision, which allowed non-spousal beneficiaries to take only therequired minimum distributions (RMDs)from an inherited IRA. As of 2020, non-spousa...
HOH filers had to claim an exemption for their qualifying person when this tax provision was in effect. Taxpayers can release their exemption to a noncustodial parent in a divorce proceeding or a legal separation agreement and remain eligible to file as an HOH.67 It may be possible to file...