Difference between revisions of "Credit relief"

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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.
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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.


See also