Deductions: Difference between revisions
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imported>Doug Williamson m (Spacing) |
imported>Doug Williamson m (Category added 8/10/13) |
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* [[Tax credit]] | * [[Tax credit]] | ||
* [[Tax relief]] | * [[Tax relief]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 08:48, 8 October 2013
- Amount of money subtracted from an account or from any amount payable/receivable, to pay for services, goods or taxes.
- Tax. Amounts for which tax relief is given. Most often by subtracting the deductions from (otherwise) taxable profits, before calculating the amount of tax payable on the net taxable profits.
