Credit relief: Difference between revisions
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A valuable type of tax relief given by deducting the amount of the credit directly from the amount of a tax liability. | A valuable type of tax relief given by deducting the amount of the credit directly from the amount of a tax liability. | ||
For example, the deduction of an amount of foreign tax already paid, to directly reduce the amount of a domestic tax liability. | |||
Revision as of 13:22, 30 October 2013
Tax.
A valuable type of tax relief given by deducting the amount of the credit directly from the amount of a tax liability.
For example, the deduction of an amount of foreign tax already paid, to directly reduce the amount of a domestic tax liability.
