A payday loan is a short-term, unsecured loan with high interest rates. The term “payday” in payday loan refers to when a borrower writes a postdated check to the lender to pay for the loan, most likely on their next upcoming payday. ...
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For transfer pricing purposes, interest paid or credited to a related party located abroad will be deductible up to an amount that does not exceed the rate determined based on the following rules, plus a 3.5% spread: • In case of a loan denominated in US dollars and subject to a fixed...